ANVS vs QQQ: Correlation
Measured on weekly returns over the past three years, Annovis Bio, Inc. (ANVS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANVS and QQQ?
On 3 years of weekly data the ANVS/QQQ correlation comes out at 0.29, weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 726.2 %².
QQQ is close to the least connected end of ANVS's tracked universe, ranking #6 of 10. The last year tells two different stories: QQQ led by 49.3 percentage points, -23.0% for ANVS against +26.3% for QQQ. One caveat on sizing: ANVS is 6.6 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.
ANVS vs QQQ: side by side
| ANVS (Annovis Bio, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -23.0% | +26.3% |
| 5-year return | -95.0% | +95.4% |
| Volatility (ann.) | 130.1% | 19.6% |
| Beta vs S&P 500 | 2.62 | 1.28 |
| Max drawdown (3Y) | -93.8% | -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 | ANVS | QQQ |
|---|---|---|
| 2022 | -23.6% | -32.6% |
| 2023 | +39.2% | +54.9% |
| 2024 | -73.1% | +25.6% |
| 2025 | -31.2% | +20.8% |
| 2026 | -47.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANVS and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANVS and QQQ?
The ANVS/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.20, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ANVS?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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
$ curl https://www.pairbook.io/api/v1/pairs/anvs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/anvs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ANVS correlations · QQQ correlations
