AKBA vs QQQ: Correlation
Measured on weekly returns over the past three years, Akebia Therapeutics, Inc. (AKBA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKBA and QQQ?
Across a 3-year window, the weekly returns of AKBA and QQQ correlate at 0.15, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.15 over 3 years. Stretching to 5 years gives 0.16, with an annualized covariance of 221.7 %².
Out of 12 assets tracked against AKBA, QQQ lands near the bottom at #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 95.1 percentage points (-68.8% for AKBA against +26.3% for QQQ). One caveat on sizing: AKBA is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AKBA vs QQQ: side by side
| AKBA (Akebia Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -68.8% | +26.3% |
| 5-year return | -66.7% | +95.4% |
| Volatility (ann.) | 75.3% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -79.0% | -22.8% |
| Market cap | $0.3B | – |
| 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 | AKBA | QQQ |
|---|---|---|
| 2022 | -74.5% | -32.6% |
| 2023 | +114.9% | +54.9% |
| 2024 | +53.2% | +25.6% |
| 2025 | -15.3% | +20.8% |
| 2026 | -41.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKBA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKBA and QQQ?
As of 2026-08-27, the correlation of weekly returns between AKBA and QQQ is 0.15 over 3 years, -0.03 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for AKBA?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: AKBA correlations · QQQ correlations
