ANIX vs QQQ: Correlation
Anixa Biosciences, Inc. (ANIX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANIX and QQQ?
On 3 years of weekly data the ANIX/QQQ correlation comes out at 0.13, weak. Recent behaviour matches the longer record: 0.07 over 1 year against 0.13 over 3. The 5-year figure is 0.14, and annualized covariance runs at 139.7 %².
Among the 10 assets we track against ANIX, QQQ sits near the bottom by co-movement, at rank #7. Twelve-month performance is nearly a tie, at +22.0% for ANIX and +26.3% for QQQ. One caveat on sizing: ANIX is 2.9 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.
ANIX vs QQQ: side by side
| ANIX (Anixa Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.0% | +26.3% |
| 5-year return | -34.3% | +95.4% |
| Volatility (ann.) | 57.0% | 19.6% |
| Beta vs S&P 500 | 0.60 | 1.28 |
| Max drawdown (3Y) | -57.6% | -22.8% |
| Market cap | $0.1B | – |
| 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 | ANIX | QQQ |
|---|---|---|
| 2022 | +43.1% | -32.6% |
| 2023 | -8.7% | +54.9% |
| 2024 | -40.2% | +25.6% |
| 2025 | +34.5% | +20.8% |
| 2026 | +15.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANIX and QQQ good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANIX and QQQ?
As of 2026-08-27, the correlation of weekly returns between ANIX and QQQ is 0.13 over 3 years, 0.07 over 1 year and 0.14 over 5 years.
Is QQQ a good diversifier for ANIX?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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: ANIX correlations · QQQ correlations
