ARES vs QQQ: Correlation
How closely do Ares Management (ARES) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARES and QQQ?
On 3 years of weekly data the ARES/QQQ correlation comes out at 0.59, moderate. The past 12 months show a weaker link (0.45) than the 3-year average (0.59). The 5-year figure is 0.66, and annualized covariance runs at 411.3 %².
Among the 32 assets we track against ARES, QQQ ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 44.0 points (-17.7% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.44 to 0.82. Risk is not evenly split, since ARES carries 1.8 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.
ARES vs QQQ: side by side
| ARES (Ares Management) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.7% | +26.3% |
| 5-year return | +118.7% | +95.4% |
| Volatility (ann.) | 35.5% | 19.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -50.0% | -22.8% |
| Market cap | $47.0B | – |
| P/E (trailing) | 65.0 | – |
| Dividend yield | 3.48% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | ARES | QQQ |
|---|---|---|
| 2022 | -12.8% | -32.6% |
| 2023 | +79.5% | +54.9% |
| 2024 | +52.7% | +25.6% |
| 2025 | -6.2% | +20.8% |
| 2026 | -9.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARES and QQQ good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARES and QQQ?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.45 over the last year and 0.66 over 5 years.
Is QQQ a good diversifier for ARES?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 mean?
A reading of 0.59 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: ARES correlations · QQQ correlations
