AGPU vs QQQ: Correlation
Measured on weekly returns over the past three years, Axe Compute Inc. (AGPU) 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 AGPU and QQQ?
Across a 3-year window, the weekly returns of AGPU and QQQ correlate at 0.17, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.17 over 3. Stretching to 5 years gives 0.24, with an annualized covariance of 473.8 %².
Among the 13 assets we track against AGPU, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 50.7 percentage points (-24.4% for AGPU against +26.3% for QQQ). Risk is not evenly split, since AGPU carries 7.5 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.
AGPU vs QQQ: side by side
| AGPU (Axe Compute Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -24.4% | +26.3% |
| 5-year return | -96.8% | +95.4% |
| Volatility (ann.) | 146.2% | 19.6% |
| Beta vs S&P 500 | 1.75 | 1.28 |
| Max drawdown (3Y) | -97.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | AGPU | QQQ |
|---|---|---|
| 2022 | -67.8% | -32.6% |
| 2023 | -46.4% | +54.9% |
| 2024 | -75.1% | +25.6% |
| 2025 | -41.9% | +20.8% |
| 2026 | +44.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGPU and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, AGPU and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGPU and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.18 over the last year and 0.24 over 5 years.
Is QQQ a good diversifier for AGPU?
Yes. With a correlation of 0.17, AGPU and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AGPU correlations · QQQ correlations
