AGMH vs QQQ: Correlation
Measured on weekly returns over the past three years, AGM Group Holdings Inc. - Class A (AGMH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGMH and QQQ?
Across a 3-year window, the weekly returns of AGMH and QQQ correlate at 0.17, weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 777.1 %².
Among the 19 assets we track against AGMH, QQQ ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 79.3 points (-53.0% versus +26.3%). Note the risk asymmetry: AGMH runs 11.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AGMH vs QQQ: side by side
| AGMH (AGM Group Holdings Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -53.0% | +26.3% |
| 5-year return | -99.8% | +95.4% |
| Volatility (ann.) | 233.6% | 19.6% |
| Beta vs S&P 500 | 2.39 | 1.28 |
| Max drawdown (3Y) | -99.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 2.9 | – |
| 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 | AGMH | QQQ |
|---|---|---|
| 2022 | -31.2% | -32.6% |
| 2023 | +9.7% | +54.9% |
| 2024 | -16.6% | +25.6% |
| 2025 | -97.4% | +20.8% |
| 2026 | -51.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGMH and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AGMH and QQQ?
As of 2026-08-27, the correlation of weekly returns between AGMH and QQQ is 0.17 over 3 years, 0.20 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for AGMH?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 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: AGMH correlations · QQQ correlations
