ANNX vs QQQ: Correlation
Measured on weekly returns over the past three years, Annexon, Inc. (ANNX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANNX and QQQ?
Across a 3-year window, the weekly returns of ANNX and QQQ correlate at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at 0.06 versus 0.23 over 3 years. Stretching to 5 years gives 0.21, with an annualized covariance of 419.1 %².
Out of 13 assets tracked against ANNX, QQQ lands near the bottom at #10. The last year tells two different stories: ANNX led by 122.5 percentage points, +148.8% for ANNX against +26.3% for QQQ. Note the risk asymmetry: ANNX runs 4.7 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.
ANNX vs QQQ: side by side
| ANNX (Annexon, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +148.8% | +26.3% |
| 5-year return | -68.9% | +95.4% |
| Volatility (ann.) | 92.8% | 19.6% |
| Beta vs S&P 500 | 1.72 | 1.28 |
| Max drawdown (3Y) | -82.3% | -22.8% |
| Market cap | $1.0B | – |
| 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 | ANNX | QQQ |
|---|---|---|
| 2022 | -55.0% | -32.6% |
| 2023 | -12.2% | +54.9% |
| 2024 | +13.0% | +25.6% |
| 2025 | -2.1% | +20.8% |
| 2026 | +4.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANNX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ANNX and QQQ?
The ANNX/QQQ correlation stands at 0.23 on a 3-year window (1 year: 0.06, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ANNX?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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
$ curl https://www.pairbook.io/api/v1/pairs/annx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/annx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANNX correlations · QQQ correlations
