ANF vs QQQ: Correlation
Measured on weekly returns over the past three years, Abercrombie & Fitch Company (ANF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANF and QQQ?
Across a 3-year window, the weekly returns of ANF and QQQ correlate at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.34 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 381.4 %².
Out of 12 assets tracked against ANF, QQQ lands near the bottom at #9. The last year tells two different stories: ANF led by 26.5 percentage points, +52.8% for ANF against +26.3% for QQQ. Note the risk asymmetry: ANF runs 3.0 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.
ANF vs QQQ: side by side
| ANF (Abercrombie & Fitch Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +52.8% | +26.3% |
| 5-year return | +299.1% | +95.4% |
| Volatility (ann.) | 57.9% | 19.6% |
| Beta vs S&P 500 | 1.47 | 1.28 |
| Max drawdown (3Y) | -65.9% | -22.8% |
| Market cap | $6.5B | – |
| P/E (trailing) | 12.8 | – |
| 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 | ANF | QQQ |
|---|---|---|
| 2022 | -34.2% | -32.6% |
| 2023 | +285.1% | +54.9% |
| 2024 | +69.4% | +25.6% |
| 2025 | -15.8% | +20.8% |
| 2026 | +15.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANF and QQQ good diversifiers for each other?
Reasonably. At 0.34, ANF and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ANF and QQQ?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.21 over the last year and 0.36 over 5 years.
Is QQQ a good diversifier for ANF?
Reasonably. At 0.34, ANF and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anf-vs-qqq/)
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Related comparisons
Hubs: ANF correlations · QQQ correlations
