ANNA vs QQQ: Correlation
How closely do AleAnna, Inc. (ANNA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.12, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNA and QQQ?
Over the past 3 years, ANNA and QQQ moved with a correlation of -0.12, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.12 over 3 years. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -204.9 %².
Within ANNA's tracked universe of 103 assets, QQQ comes in at #7 by 3-year correlation. The last year tells two different stories: QQQ led by 60.6 percentage points, -34.3% for ANNA against +26.3% for QQQ. Note the risk asymmetry: ANNA runs 4.5 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.
ANNA vs QQQ: side by side
| ANNA (AleAnna, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -34.3% | +26.3% |
| 5-year return | -71.7% | +95.4% |
| Volatility (ann.) | 88.7% | 19.6% |
| Beta vs S&P 500 | -0.92 | 1.28 |
| Max drawdown (3Y) | -86.3% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 14.7 | – |
| 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 | ANNA | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +7.3% | +54.9% |
| 2024 | -37.6% | +25.6% |
| 2025 | -57.6% | +20.8% |
| 2026 | -3.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNA and QQQ good diversifiers for each other?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANNA and QQQ?
The ANNA/QQQ correlation stands at -0.12 on a 3-year window (1 year: -0.37, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ANNA?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.12 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.
Use this data
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Related comparisons
Hubs: ANNA correlations · QQQ correlations
