APWC vs QQQ: Correlation
Asia Pacific Wire & Cable Corporation Limited (APWC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APWC and QQQ?
Across a 3-year window, the weekly returns of APWC and QQQ correlate at 0.16, weak. The link has tightened recently: the 1-year correlation (0.32) runs above the 3-year figure (0.16). Stretching to 5 years gives 0.16, with an annualized covariance of 148.9 %².
QQQ is close to the least connected end of APWC's tracked universe, ranking #7 of 11. The last year tells two different stories: QQQ led by 48.4 percentage points, -22.1% for APWC against +26.3% for QQQ. Risk is not evenly split, since APWC carries 2.5 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.
APWC vs QQQ: side by side
| APWC (Asia Pacific Wire & Cable Corporation Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.1% | +26.3% |
| 5-year return | -59.0% | +95.4% |
| Volatility (ann.) | 48.8% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -42.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 5.0 | – |
| 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 | APWC | QQQ |
|---|---|---|
| 2022 | -29.4% | -32.6% |
| 2023 | -13.2% | +54.9% |
| 2024 | +17.6% | +25.6% |
| 2025 | +26.5% | +20.8% |
| 2026 | -24.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APWC and QQQ good diversifiers for each other?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between APWC and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.32 over the last year and 0.16 over 5 years.
Is QQQ a good diversifier for APWC?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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/apwc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/apwc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APWC correlations · QQQ correlations
