AIRG vs QQQ: Correlation
Airgain, Inc. (AIRG) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRG and QQQ?
On 3 years of weekly data the AIRG/QQQ correlation comes out at 0.14, weak. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.14 over 3 years. The 5-year figure is 0.21, and annualized covariance runs at 201.1 %².
QQQ is close to the least connected end of AIRG's tracked universe, ranking #8 of 11. Twelve-month performance is nearly a tie, at +25.8% for AIRG and +26.3% for QQQ. Risk is not evenly split, since AIRG carries 3.7 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.
AIRG vs QQQ: side by side
| AIRG (Airgain, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.8% | +26.3% |
| 5-year return | -63.5% | +95.4% |
| Volatility (ann.) | 72.0% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -70.2% | -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 | AIRG | QQQ |
|---|---|---|
| 2022 | -38.8% | -32.6% |
| 2023 | -45.3% | +54.9% |
| 2024 | +98.3% | +25.6% |
| 2025 | -42.5% | +20.8% |
| 2026 | +29.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRG and QQQ good diversifiers for each other?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIRG and QQQ?
As of 2026-08-27, the correlation of weekly returns between AIRG and QQQ is 0.14 over 3 years, -0.07 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for AIRG?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.14 mean?
A reading of 0.14 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
$ curl https://www.pairbook.io/api/v1/pairs/airg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/airg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AIRG correlations · QQQ correlations
