AGO vs QQQ: Correlation
Assured Guaranty Ltd. (AGO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGO and QQQ?
Over the past 3 years, AGO and QQQ moved with a correlation of 0.19, which is weak. The past 12 months show a weaker link (-0.22) than the 3-year average (0.19). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 81.2 %².
Out of 14 assets tracked against AGO, QQQ lands near the bottom at #11. The last year tells two different stories: QQQ led by 32.5 percentage points, -6.2% for AGO against +26.3% for QQQ.
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.
AGO vs QQQ: side by side
| AGO (Assured Guaranty Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.2% | +26.3% |
| 5-year return | +64.9% | +95.4% |
| Volatility (ann.) | 21.4% | 19.6% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -22.0% | -22.8% |
| Market cap | $3.3B | – |
| P/E (trailing) | 10.1 | – |
| Dividend yield | 1.90% | 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 | AGO | QQQ |
|---|---|---|
| 2022 | +26.2% | -32.6% |
| 2023 | +22.5% | +54.9% |
| 2024 | +22.1% | +25.6% |
| 2025 | +0.6% | +20.8% |
| 2026 | -14.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGO and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AGO and QQQ?
As of 2026-08-27, the correlation of weekly returns between AGO and QQQ is 0.19 over 3 years, -0.22 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for AGO?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ago-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ago-vs-qqq/)
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Related comparisons
Hubs: AGO correlations · QQQ correlations
