AGIO vs QQQ: Correlation
How closely do Agios Pharmaceuticals, Inc. (AGIO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIO and QQQ?
Across a 3-year window, the weekly returns of AGIO and QQQ correlate at 0.34, moderate. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 431.0 %².
Within AGIO's tracked universe of 14 assets, QQQ comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 39.0 percentage points (-12.7% for AGIO against +26.3% for QQQ). Risk is not evenly split, since AGIO carries 3.3 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.
AGIO vs QQQ: side by side
| AGIO (Agios Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.7% | +26.3% |
| 5-year return | -22.1% | +95.4% |
| Volatility (ann.) | 64.3% | 19.6% |
| Beta vs S&P 500 | 1.80 | 1.28 |
| Max drawdown (3Y) | -63.8% | -22.8% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| 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 | AGIO | QQQ |
|---|---|---|
| 2022 | -14.6% | -32.6% |
| 2023 | -20.7% | +54.9% |
| 2024 | +47.6% | +25.6% |
| 2025 | -17.2% | +20.8% |
| 2026 | +25.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AGIO and QQQ?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.32 over the last year and 0.35 over 5 years.
Is QQQ a good diversifier for AGIO?
Yes, to a useful degree: a correlation of 0.34 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.34 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: AGIO correlations · QQQ correlations
