AGNC vs QQQ: Correlation
How closely do AGNC Investment Corp. (AGNC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGNC and QQQ?
Across a 3-year window, the weekly returns of AGNC and QQQ correlate at 0.40, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 196.7 %².
Out of 14 assets tracked against AGNC, QQQ lands near the bottom at #10. Neither side won the trailing year by much: +28.0% against +26.3%.
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.
AGNC vs QQQ: side by side
| AGNC (AGNC Investment Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +28.0% | +26.3% |
| 5-year return | +33.5% | +95.4% |
| Volatility (ann.) | 25.1% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -30.5% | -22.8% |
| Market cap | $13.0B | – |
| P/E (trailing) | 5.4 | – |
| Dividend yield | 13.32% | 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 | AGNC | QQQ |
|---|---|---|
| 2022 | -21.7% | -32.6% |
| 2023 | +10.1% | +54.9% |
| 2024 | +8.9% | +25.6% |
| 2025 | +34.9% | +20.8% |
| 2026 | +10.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGNC and QQQ good diversifiers for each other?
Reasonably. At 0.40, AGNC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AGNC and QQQ?
The AGNC/QQQ correlation stands at 0.40 on a 3-year window (1 year: 0.34, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AGNC?
Reasonably. At 0.40, AGNC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AGNC correlations · QQQ correlations
