ARKK vs QQQM: Correlation
How closely do ARK Innovation ETF (ARKK) and Invesco Nasdaq 100 ETF (QQQM) trade together? Their weekly returns over three years give a correlation of 0.78, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARKK and QQQM?
Across a 3-year window, the weekly returns of ARKK and QQQM correlate at 0.78, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 585.8 %².
QQQM is one of the assets that tracks ARKK most closely: it ranks #3 out of the 122 assets we track against ARKK. On 12-month performance QQQM holds a 10.7-point edge, +15.7% against +26.4%. Stability stands out here, with the rolling one-year correlation confined to 0.65 through 0.89. One caveat on sizing: ARKK is 2.0 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.
ARKK vs QQQM: side by side
| ARKK (ARK Innovation ETF) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +15.7% | +26.4% |
| 5-year return | -27.7% | +96.1% |
| Volatility (ann.) | 38.8% | 19.5% |
| Beta vs S&P 500 | 2.07 | 1.28 |
| Max drawdown (3Y) | -39.6% | -22.7% |
| Dividend yield | – | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | ETF · Thematic | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | ARKK | QQQM |
|---|---|---|
| 2022 | -67.0% | -32.5% |
| 2023 | +69.0% | +55.0% |
| 2024 | +8.4% | +25.7% |
| 2025 | +35.5% | +20.9% |
| 2026 | +13.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARKK and QQQM good diversifiers for each other?
Only partially. A correlation of 0.78 means ARKK and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ARKK and QQQM?
Using weekly returns as of 2026-08-27: 0.78 over 3 years, with 0.74 over the last year and 0.80 over 5 years.
Is QQQM a good diversifier for ARKK?
Only partially. A correlation of 0.78 means ARKK and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 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/arkk-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arkk-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ARKK correlations · QQQM correlations
