ARI vs QQQ: Correlation
Apollo Commercial Real Estate Finance, Inc (ARI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARI and QQQ?
Over the past 3 years, ARI and QQQ moved with a correlation of 0.29, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.29 over 3 years. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 134.5 %².
QQQ is close to the least connected end of ARI's tracked universe, ranking #7 of 10. On 12-month performance QQQ holds a 14.9-point edge, +11.4% against +26.3%.
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.
ARI vs QQQ: side by side
| ARI (Apollo Commercial Real Estate Finance, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.4% | +26.3% |
| 5-year return | +21.3% | +95.4% |
| Volatility (ann.) | 23.8% | 19.6% |
| Beta vs S&P 500 | 0.64 | 1.28 |
| Max drawdown (3Y) | -24.7% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 8.5 | – |
| Dividend yield | 14.68% | 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 | ARI | QQQ |
|---|---|---|
| 2022 | -7.1% | -32.6% |
| 2023 | +24.5% | +54.9% |
| 2024 | -16.5% | +25.6% |
| 2025 | +23.8% | +20.8% |
| 2026 | +13.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARI and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.14 over the last year and 0.44 over 5 years.
Is QQQ a good diversifier for ARI?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ari-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ari-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARI correlations · QQQ correlations
