AKAN vs QQQ: Correlation
Akanda Corp. (AKAN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and QQQ?
Over the past 3 years, AKAN and QQQ moved with a correlation of 0.18, which is weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 987.4 %².
By 3-year correlation, QQQ places #15 of the 26 assets tracked against AKAN. Correlation aside, the last 12 months split them widely, with QQQ ahead by 121.5 points (-95.2% versus +26.3%). Note the risk asymmetry: AKAN runs 14.6 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.
AKAN vs QQQ: side by side
| AKAN (Akanda Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -95.2% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 285.6% | 19.6% |
| Beta vs S&P 500 | 2.86 | 1.28 |
| Max drawdown (3Y) | -99.9% | -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 | AKAN | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -70.5% | +54.9% |
| 2024 | -95.5% | +25.6% |
| 2025 | -90.9% | +20.8% |
| 2026 | -58.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKAN and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.19 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for AKAN?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 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: AKAN correlations · QQQ correlations
