AFYA vs QQQ: Correlation
Afya Limited - Class A (AFYA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AFYA and QQQ?
Over the past 3 years, AFYA and QQQ moved with a correlation of 0.25, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.05 versus 0.25 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 145.6 %².
Out of 10 assets tracked against AFYA, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 27.3 percentage points, -1.0% for AFYA against +26.3% for QQQ. One caveat on sizing: AFYA is 1.5 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.
AFYA vs QQQ: side by side
| AFYA (Afya Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.0% | +26.3% |
| 5-year return | -27.6% | +95.4% |
| Volatility (ann.) | 30.2% | 19.6% |
| Beta vs S&P 500 | 0.56 | 1.28 |
| Max drawdown (3Y) | -40.4% | -22.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 23.89% | 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 | AFYA | QQQ |
|---|---|---|
| 2022 | -0.6% | -32.6% |
| 2023 | +40.4% | +54.9% |
| 2024 | -27.6% | +25.6% |
| 2025 | -1.7% | +20.8% |
| 2026 | -3.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AFYA and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AFYA and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with -0.05 over the last year and 0.25 over 5 years.
Is QQQ a good diversifier for AFYA?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
A reading of 0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/afya-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/afya-vs-qqq/)
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Related comparisons
Hubs: AFYA correlations · QQQ correlations
