AIP vs QQQ: Correlation
Arteris, Inc. (AIP) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.45.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIP and QQQ?
On 3 years of weekly data the AIP/QQQ correlation comes out at 0.45, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 579.1 %².
Among the 13 assets we track against AIP, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AIP ahead by 117.1 points (+143.4% versus +26.3%). Risk is not evenly split, since AIP 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.
AIP vs QQQ: side by side
| AIP (Arteris, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +143.4% | +26.3% |
| 5-year return | +29.7% | +95.4% |
| Volatility (ann.) | 65.6% | 19.6% |
| Beta vs S&P 500 | 2.01 | 1.28 |
| Max drawdown (3Y) | -54.5% | -22.8% |
| Market cap | $1.2B | – |
| 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 | AIP | QQQ |
|---|---|---|
| 2022 | -79.6% | -32.6% |
| 2023 | +37.0% | +54.9% |
| 2024 | +73.0% | +25.6% |
| 2025 | +52.1% | +20.8% |
| 2026 | +52.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIP and QQQ good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIP and QQQ?
The AIP/QQQ correlation stands at 0.45 on a 3-year window (1 year: 0.43, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AIP?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: AIP correlations · QQQ correlations
