APLE vs QQQ: Correlation
How closely do Apple Hospitality REIT, Inc. (APLE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLE and QQQ?
Across a 3-year window, the weekly returns of APLE and QQQ correlate at 0.35, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.35). Stretching to 5 years gives 0.42, with an annualized covariance of 157.7 %².
Among the 16 assets we track against APLE, QQQ sits near the bottom by co-movement, at rank #13. The trailing year gives APLE the advantage: +34.4% versus +26.3%, a 8.1-point spread.
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.
APLE vs QQQ: side by side
| APLE (Apple Hospitality REIT, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.4% | +26.3% |
| 5-year return | +50.0% | +95.4% |
| Volatility (ann.) | 22.9% | 19.6% |
| Beta vs S&P 500 | 0.74 | 1.28 |
| Max drawdown (3Y) | -33.0% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 5.80% | 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 | APLE | QQQ |
|---|---|---|
| 2022 | +2.4% | -32.6% |
| 2023 | +12.3% | +54.9% |
| 2024 | -1.3% | +25.6% |
| 2025 | -16.6% | +20.8% |
| 2026 | +44.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APLE and QQQ?
As of 2026-08-27, the correlation of weekly returns between APLE and QQQ is 0.35 over 3 years, 0.11 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for APLE?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: APLE correlations · QQQ correlations
