AI vs QQQ: Correlation
How closely do C3.ai, Inc. (AI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AI and QQQ?
Across a 3-year window, the weekly returns of AI and QQQ correlate at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 600.0 %².
Within AI's tracked universe of 15 assets, QQQ comes in at #8 by 3-year correlation. The last year tells two different stories: QQQ led by 66.6 percentage points, -40.3% for AI against +26.3% for QQQ. Risk is not evenly split, since AI 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.
AI vs QQQ: side by side
| AI (C3.ai, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -40.3% | +26.3% |
| 5-year return | -79.8% | +95.4% |
| Volatility (ann.) | 65.5% | 19.6% |
| Beta vs S&P 500 | 2.09 | 1.28 |
| Max drawdown (3Y) | -81.9% | -22.8% |
| Market cap | – | – |
| 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 | AI | QQQ |
|---|---|---|
| 2022 | -64.2% | -32.6% |
| 2023 | +156.6% | +54.9% |
| 2024 | +19.9% | +25.6% |
| 2025 | -60.8% | +20.8% |
| 2026 | -23.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AI and QQQ good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AI and QQQ?
As of 2026-08-27, the correlation of weekly returns between AI and QQQ is 0.47 over 3 years, 0.47 over 1 year and 0.54 over 5 years.
Is QQQ a good diversifier for AI?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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
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Related comparisons
Hubs: AI correlations · QQQ correlations
