AOD vs QQQ: Correlation
Measured on weekly returns over the past three years, abrdn Total Dynamic Dividend Fund (AOD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and QQQ?
Over the past 3 years, AOD and QQQ moved with a correlation of 0.66, which is strong. Recent behaviour matches the longer record: 0.62 over 1 year against 0.66 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 200.1 %².
Within AOD's tracked universe of 26 assets, QQQ comes in at #11 by 3-year correlation. Over the last 12 months AOD came out ahead by 5.5 percentage points (+31.8% against +26.3%).
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.
AOD vs QQQ: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.8% | +26.3% |
| 5-year return | +70.1% | +95.4% |
| Volatility (ann.) | 15.4% | 19.6% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -16.7% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | – |
| Dividend yield | 5.46% | 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 | AOD | QQQ |
|---|---|---|
| 2022 | -17.1% | -32.6% |
| 2023 | +12.7% | +54.9% |
| 2024 | +16.1% | +25.6% |
| 2025 | +32.1% | +20.8% |
| 2026 | +18.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and QQQ good diversifiers for each other?
Only partially. A correlation of 0.66 means AOD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AOD and QQQ?
As of 2026-08-27, the correlation of weekly returns between AOD and QQQ is 0.66 over 3 years, 0.62 over 1 year and 0.73 over 5 years.
Is QQQ a good diversifier for AOD?
Only partially. A correlation of 0.66 means AOD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
A reading of 0.66 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/aod-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aod-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOD correlations · QQQ correlations
