AIV vs QQQ: Correlation
How closely do Apartment Investment and Management Company (AIV) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIV and QQQ?
Across a 3-year window, the weekly returns of AIV and QQQ correlate at 0.33, moderate. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.33). Stretching to 5 years gives 0.43, with an annualized covariance of 154.3 %².
Out of 10 assets tracked against AIV, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 41.2 percentage points, -14.9% for AIV against +26.3% for QQQ.
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.
AIV vs QQQ: side by side
| AIV (Apartment Investment and Management Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.9% | +26.3% |
| 5-year return | +1.3% | +95.4% |
| Volatility (ann.) | 23.7% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -27.9% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 22.8 | – |
| 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 | AIV | QQQ |
|---|---|---|
| 2022 | -7.6% | -32.6% |
| 2023 | +10.0% | +54.9% |
| 2024 | +16.1% | +25.6% |
| 2025 | -2.2% | +20.8% |
| 2026 | -19.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIV and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AIV and QQQ?
The AIV/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.08, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AIV?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AIV correlations · QQQ correlations
