APVO vs QQQ: Correlation
Measured on weekly returns over the past three years, Aptevo Therapeutics Inc. (APVO) and Invesco QQQ Trust (QQQ) carry a correlation of -0.00, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APVO and QQQ?
Across a 3-year window, the weekly returns of APVO and QQQ correlate at -0.00, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.26) runs above the 3-year figure (-0.00). Stretching to 5 years gives 0.11, with an annualized covariance of -7.5 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against APVO. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 118.8 percentage points (-92.5% for APVO against +26.3% for QQQ). One caveat on sizing: APVO is 6.2 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.
APVO vs QQQ: side by side
| APVO (Aptevo Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -92.5% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 121.4% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | APVO | QQQ |
|---|---|---|
| 2022 | -70.5% | -32.6% |
| 2023 | -92.2% | +54.9% |
| 2024 | -98.5% | +25.6% |
| 2025 | -99.4% | +20.8% |
| 2026 | -74.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APVO and QQQ good diversifiers for each other?
Yes. With a correlation of -0.00, APVO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between APVO and QQQ?
The APVO/QQQ correlation stands at -0.00 on a 3-year window (1 year: 0.26, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for APVO?
Yes. With a correlation of -0.00, APVO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.00 mean?
On the −1 to +1 scale, -0.00 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apvo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apvo-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APVO correlations · QQQ correlations
