APLM vs QQQ: Correlation
How closely do Apollomics Inc. - Class A (APLM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APLM and QQQ?
Across a 3-year window, the weekly returns of APLM and QQQ correlate at 0.07, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.12) sits close to the 3-year figure. Stretching to 5 years gives 0.08, with an annualized covariance of 208.2 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against APLM. Correlation aside, the last 12 months split them widely, with APLM ahead by 295.9 points (+322.2% versus +26.3%). Risk is not evenly split, since APLM carries 8.2 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.
APLM vs QQQ: side by side
| APLM (Apollomics Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +322.2% | +26.3% |
| 5-year return | -97.3% | +95.4% |
| Volatility (ann.) | 159.8% | 19.6% |
| Beta vs S&P 500 | 0.72 | 1.28 |
| Max drawdown (3Y) | -99.2% | -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 | APLM | QQQ |
|---|---|---|
| 2022 | +4.3% | -32.6% |
| 2023 | -90.7% | +54.9% |
| 2024 | -89.9% | +25.6% |
| 2025 | +91.7% | +20.8% |
| 2026 | +40.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APLM and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between APLM and QQQ?
As of 2026-08-27, the correlation of weekly returns between APLM and QQQ is 0.07 over 3 years, 0.12 over 1 year and 0.08 over 5 years.
Is QQQ a good diversifier for APLM?
By historical standards, yes. A correlation of 0.07 means the two rarely move for the same reasons.
What does a correlation of 0.07 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: APLM correlations · QQQ correlations
