ANIP vs QQQ: Correlation
Measured on weekly returns over the past three years, ANI Pharmaceuticals, Inc. (ANIP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.14, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIP and QQQ?
Across a 3-year window, the weekly returns of ANIP and QQQ correlate at 0.14, weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. Stretching to 5 years gives 0.16, with an annualized covariance of 97.4 %².
Among the 11 assets we track against ANIP, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 46.3 percentage points (-20.0% for ANIP against +26.3% for QQQ). Note the risk asymmetry: ANIP runs 1.8 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.
ANIP vs QQQ: side by side
| ANIP (ANI Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -20.0% | +26.3% |
| 5-year return | +168.3% | +95.4% |
| Volatility (ann.) | 35.1% | 19.6% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -28.7% | -22.8% |
| Market cap | $1.7B | – |
| P/E (trailing) | 16.0 | – |
| 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 | ANIP | QQQ |
|---|---|---|
| 2022 | -12.7% | -32.6% |
| 2023 | +37.1% | +54.9% |
| 2024 | +0.3% | +25.6% |
| 2025 | +42.8% | +20.8% |
| 2026 | -6.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between ANIP and QQQ?
As of 2026-08-27, the correlation of weekly returns between ANIP and QQQ is 0.14 over 3 years, 0.15 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for ANIP?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 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.
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Related comparisons
Hubs: ANIP correlations · QQQ correlations
