AIHS vs QQQ: Correlation
Measured on weekly returns over the past three years, Senmiao Technology Limited (AIHS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIHS and QQQ?
On 3 years of weekly data the AIHS/QQQ correlation comes out at 0.01, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.20) than the 3-year average (0.01). The 5-year figure is 0.12, and annualized covariance runs at 12.0 %².
Within AIHS's tracked universe of 19 assets, QQQ comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 84.6 points (-58.3% versus +26.3%). One caveat on sizing: AIHS is 4.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AIHS vs QQQ: side by side
| AIHS (Senmiao Technology Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -58.3% | +26.3% |
| 5-year return | -97.9% | +95.4% |
| Volatility (ann.) | 85.8% | 19.6% |
| Beta vs S&P 500 | -0.01 | 1.28 |
| Max drawdown (3Y) | -93.0% | -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 | AIHS | QQQ |
|---|---|---|
| 2022 | -75.6% | -32.6% |
| 2023 | -54.6% | +54.9% |
| 2024 | +161.0% | +25.6% |
| 2025 | -90.0% | +20.8% |
| 2026 | +22.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIHS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.01, AIHS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AIHS and QQQ?
As of 2026-08-27, the correlation of weekly returns between AIHS and QQQ is 0.01 over 3 years, 0.20 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for AIHS?
Yes. With a correlation of 0.01, AIHS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 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/aihs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aihs-vs-qqq/)
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Related comparisons
Hubs: AIHS correlations · QQQ correlations
