ALV vs QQQ: Correlation
Measured on weekly returns over the past three years, Autoliv, Inc. (ALV) and Invesco QQQ Trust (QQQ) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALV and QQQ?
Over the past 3 years, ALV and QQQ moved with a correlation of 0.39, which is moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.39). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 198.1 %².
QQQ is close to the least connected end of ALV's tracked universe, ranking #13 of 16. Correlation aside, the last 12 months split them widely, with QQQ ahead by 25.0 points (+1.3% versus +26.3%).
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.
ALV vs QQQ: side by side
| ALV (Autoliv, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.3% | +26.3% |
| 5-year return | +58.0% | +95.4% |
| Volatility (ann.) | 25.8% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -39.3% | -22.8% |
| Market cap | $9.0B | – |
| P/E (trailing) | 14.5 | – |
| Dividend yield | 2.80% | 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 | ALV | QQQ |
|---|---|---|
| 2022 | -23.5% | -32.6% |
| 2023 | +48.0% | +54.9% |
| 2024 | -12.7% | +25.6% |
| 2025 | +29.2% | +20.8% |
| 2026 | +5.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALV and QQQ good diversifiers for each other?
Reasonably. At 0.39, ALV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALV and QQQ?
As of 2026-08-27, the correlation of weekly returns between ALV and QQQ is 0.39 over 3 years, 0.28 over 1 year and 0.46 over 5 years.
Is QQQ a good diversifier for ALV?
Reasonably. At 0.39, ALV and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/alv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alv-vs-qqq/)
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Related comparisons
Hubs: ALV correlations · QQQ correlations
