AREC vs QQQ: Correlation
How closely do American Resources Corporation (AREC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREC and QQQ?
Across a 3-year window, the weekly returns of AREC and QQQ correlate at 0.12, weak. The link has tightened recently: the 1-year correlation (0.33) runs above the 3-year figure (0.12). Stretching to 5 years gives 0.17, with an annualized covariance of 332.6 %².
Among the 16 assets we track against AREC, QQQ sits near the bottom by co-movement, at rank #13. The trailing year gives QQQ the advantage: +18.3% versus +26.3%, a 8.0-point spread. Note the risk asymmetry: AREC runs 7.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AREC vs QQQ: side by side
| AREC (American Resources Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.3% | +26.3% |
| 5-year return | +18.9% | +95.4% |
| Volatility (ann.) | 141.0% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -78.1% | -22.8% |
| Market cap | $0.3B | – |
| 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 | AREC | QQQ |
|---|---|---|
| 2022 | -26.7% | -32.6% |
| 2023 | +12.9% | +54.9% |
| 2024 | -32.2% | +25.6% |
| 2025 | +145.5% | +20.8% |
| 2026 | +4.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between AREC and QQQ?
The AREC/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.33, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AREC?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
A reading of 0.12 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: AREC correlations · QQQ correlations
