AGI vs QQQ: Correlation
Measured on weekly returns over the past three years, Alamos Gold Inc. Class A (AGI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGI and QQQ?
Over the past 3 years, AGI and QQQ moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 194.8 %².
Out of 26 assets tracked against AGI, QQQ lands near the bottom at #23. Neither side won the trailing year by much: +27.7% against +26.3%. Risk is not evenly split, since AGI carries 2.4 times the volatility of the other side.
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.
AGI vs QQQ: side by side
| AGI (Alamos Gold Inc. Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +27.7% | +26.3% |
| 5-year return | +404.0% | +95.4% |
| Volatility (ann.) | 46.1% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -49.6% | -22.8% |
| Market cap | $15.9B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 0.35% | 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 | AGI | QQQ |
|---|---|---|
| 2022 | +33.1% | -32.6% |
| 2023 | +34.3% | +54.9% |
| 2024 | +37.7% | +25.6% |
| 2025 | +109.6% | +20.8% |
| 2026 | -1.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGI and QQQ?
As of 2026-08-27, the correlation of weekly returns between AGI and QQQ is 0.22 over 3 years, 0.32 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for AGI?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 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: AGI correlations · QQQ correlations
