AFJK vs QQQ: Correlation
Aimei Health Technology Co., Ltd (AFJK) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFJK and QQQ?
Across a 3-year window, the weekly returns of AFJK and QQQ correlate at -0.02, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.04 over 1 year against -0.02 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -89.6 %².
Within AFJK's tracked universe of 29 assets, QQQ comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.9 percentage points (+8.4% for AFJK against +26.3% for QQQ). One caveat on sizing: AFJK is 10.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AFJK vs QQQ: side by side
| AFJK (Aimei Health Technology Co., Ltd) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 197.3% | 19.6% |
| Beta vs S&P 500 | 0.18 | 1.28 |
| Max drawdown (3Y) | -86.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 174.3 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | AFJK | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +498.2% | +20.8% |
| 2026 | -80.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFJK and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between AFJK and QQQ?
Using weekly returns as of 2026-08-27: -0.02 over 3 years, with -0.04 over the last year and n/a over 5 years.
Is QQQ a good diversifier for AFJK?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AFJK correlations · QQQ correlations
