AREN vs QQQ: Correlation
The Arena Group Holdings, Inc. (AREN) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AREN and QQQ?
On 3 years of weekly data the AREN/QQQ correlation comes out at 0.02, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.30 versus 0.02 over 3 years. The 5-year figure is 0.06, and annualized covariance runs at 65.5 %².
By 3-year correlation, QQQ places #12 of the 22 assets tracked against AREN. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 111.1 percentage points (-84.8% for AREN against +26.3% for QQQ). Note the risk asymmetry: AREN runs 8.0 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.
AREN vs QQQ: side by side
| AREN (The Arena Group Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -84.8% | +26.3% |
| 5-year return | -93.0% | +95.4% |
| Volatility (ann.) | 157.6% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -91.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 4.9 | – |
| 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 | AREN | QQQ |
|---|---|---|
| 2022 | -24.6% | -32.6% |
| 2023 | -77.6% | +54.9% |
| 2024 | -43.7% | +25.6% |
| 2025 | +198.5% | +20.8% |
| 2026 | -76.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AREN and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between AREN and QQQ?
The AREN/QQQ correlation stands at 0.02 on a 3-year window (1 year: 0.30, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AREN?
By historical standards, yes. A correlation of 0.02 means the two rarely move for the same reasons.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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/aren-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aren-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AREN correlations · QQQ correlations
