ARQ vs QQQ: Correlation
How closely do Arq, Inc. (ARQ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQ and QQQ?
On 3 years of weekly data the ARQ/QQQ correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.36 lands near the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 494.4 %².
Among the 15 assets we track against ARQ, QQQ sits near the bottom by co-movement, at rank #12. The last year tells two different stories: QQQ led by 97.4 percentage points, -71.1% for ARQ against +26.3% for QQQ. Risk is not evenly split, since ARQ carries 4.0 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.
ARQ vs QQQ: side by side
| ARQ (Arq, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -71.1% | +26.3% |
| 5-year return | -67.7% | +95.4% |
| Volatility (ann.) | 78.9% | 19.6% |
| Beta vs S&P 500 | 1.85 | 1.28 |
| Max drawdown (3Y) | -79.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | ARQ | QQQ |
|---|---|---|
| 2022 | -63.3% | -32.6% |
| 2023 | +22.6% | +54.9% |
| 2024 | +154.0% | +25.6% |
| 2025 | -56.8% | +20.8% |
| 2026 | -32.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQ and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARQ and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.36 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for ARQ?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: ARQ correlations · QQQ correlations
