APLD vs QQQ: Correlation
How closely do Applied Digital Corporation (APLD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLD and QQQ?
On 3 years of weekly data the APLD/QQQ correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.38). The 5-year figure is 0.32, and annualized covariance runs at 876.5 %².
By 3-year correlation, QQQ places #8 of the 15 assets tracked against APLD. Their recent paths diverged sharply: over the last 12 months APLD outperformed by 38.0 percentage points (+64.3% for APLD against +26.3% for QQQ). Risk is not evenly split, since APLD carries 6.0 times the volatility of the other side.
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.
APLD vs QQQ: side by side
| APLD (Applied Digital Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +64.3% | +26.3% |
| 5-year return | +465.8% | +95.4% |
| Volatility (ann.) | 117.7% | 19.6% |
| Beta vs S&P 500 | 2.73 | 1.28 |
| Max drawdown (3Y) | -71.9% | -22.8% |
| Market cap | $7.8B | – |
| 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 | APLD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +266.3% | +54.9% |
| 2024 | +13.4% | +25.6% |
| 2025 | +220.9% | +20.8% |
| 2026 | +11.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLD and QQQ good diversifiers for each other?
Reasonably. At 0.38, APLD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between APLD and QQQ?
As of 2026-08-27, the correlation of weekly returns between APLD and QQQ is 0.38 over 3 years, 0.51 over 1 year and 0.32 over 5 years.
Is QQQ a good diversifier for APLD?
Reasonably. At 0.38, APLD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/apld-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apld-vs-qqq/)
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Related comparisons
Hubs: APLD correlations · QQQ correlations
