ARHS vs QQQ: Correlation
Measured on weekly returns over the past three years, Arhaus, Inc. (ARHS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARHS and QQQ?
On 3 years of weekly data the ARHS/QQQ correlation comes out at 0.38, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. The 5-year figure is 0.43, and annualized covariance runs at 430.1 %².
QQQ is close to the least connected end of ARHS's tracked universe, ranking #12 of 15. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.2 points (-22.9% versus +26.3%). One caveat on sizing: ARHS is 2.9 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.
ARHS vs QQQ: side by side
| ARHS (Arhaus, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.9% | +26.3% |
| 5-year return | -25.3% | +95.4% |
| Volatility (ann.) | 57.7% | 19.6% |
| Beta vs S&P 500 | 1.73 | 1.28 |
| Max drawdown (3Y) | -69.3% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 18.0 | – |
| 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 | ARHS | QQQ |
|---|---|---|
| 2022 | -26.4% | -32.6% |
| 2023 | +21.5% | +54.9% |
| 2024 | -17.9% | +25.6% |
| 2025 | +19.3% | +20.8% |
| 2026 | -17.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARHS and QQQ good diversifiers for each other?
Reasonably. At 0.38, ARHS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARHS and QQQ?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.30 over the last year and 0.43 over 5 years.
Is QQQ a good diversifier for ARHS?
Reasonably. At 0.38, ARHS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/arhs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arhs-vs-qqq/)
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Related comparisons
Hubs: ARHS correlations · QQQ correlations
