AISP vs QQQ: Correlation
How closely do Airship AI Holdings, Inc (AISP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and QQQ?
On 3 years of weekly data the AISP/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.48) than the 3-year average (0.05). The 5-year figure is 0.03, and annualized covariance runs at 219.2 %².
Among the 29 assets we track against AISP, QQQ ranks #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 79.3 percentage points (-53.0% for AISP against +26.3% for QQQ). Note the risk asymmetry: AISP runs 11.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AISP vs QQQ: side by side
| AISP (Airship AI Holdings, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -53.0% | +26.3% |
| 5-year return | -77.4% | +95.4% |
| Volatility (ann.) | 233.1% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -87.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.2 | – |
| 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 | AISP | QQQ |
|---|---|---|
| 2022 | +3.0% | -32.6% |
| 2023 | -83.1% | +54.9% |
| 2024 | +268.2% | +25.6% |
| 2025 | -53.8% | +20.8% |
| 2026 | -24.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and QQQ good diversifiers for each other?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AISP and QQQ?
As of 2026-08-27, the correlation of weekly returns between AISP and QQQ is 0.05 over 3 years, 0.48 over 1 year and 0.03 over 5 years.
Is QQQ a good diversifier for AISP?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.05 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: AISP correlations · QQQ correlations
