AIG vs QQQ: Correlation
How closely do American International Group (AIG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIG and QQQ?
Across a 3-year window, the weekly returns of AIG and QQQ correlate at 0.17, weak. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.17 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 65.5 %².
Among the 28 assets we track against AIG, QQQ ranks #18 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 30.9 percentage points (-4.6% for AIG against +26.3% for QQQ). On a rolling one-year basis the correlation drifted between -0.08 and 0.41, a moderate band.
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.
AIG vs QQQ: side by side
| AIG (American International Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.6% | +26.3% |
| 5-year return | +58.9% | +95.4% |
| Volatility (ann.) | 20.1% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -17.0% | -22.8% |
| Market cap | $40.1B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 2.40% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | AIG | QQQ |
|---|---|---|
| 2022 | +13.8% | -32.6% |
| 2023 | +9.8% | +54.9% |
| 2024 | +9.8% | +25.6% |
| 2025 | +20.0% | +20.8% |
| 2026 | -9.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIG 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 AIG and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with -0.07 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for AIG?
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: AIG correlations · QQQ correlations
