ARQT vs QQQ: Correlation
Arcutis Biotherapeutics, Inc. (ARQT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQT and QQQ?
On 3 years of weekly data the ARQT/QQQ correlation comes out at 0.15, weak. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 236.3 %².
QQQ is close to the least connected end of ARQT's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with ARQT ahead by 32.6 points (+58.9% versus +26.3%). One caveat on sizing: ARQT is 4.2 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.
ARQT vs QQQ: side by side
| ARQT (Arcutis Biotherapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +58.9% | +26.3% |
| 5-year return | +18.0% | +95.4% |
| Volatility (ann.) | 81.9% | 19.6% |
| Beta vs S&P 500 | 1.10 | 1.28 |
| Max drawdown (3Y) | -79.5% | -22.8% |
| Market cap | $3.1B | – |
| P/E (trailing) | 113.0 | – |
| 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 | ARQT | QQQ |
|---|---|---|
| 2022 | -28.6% | -32.6% |
| 2023 | -78.2% | +54.9% |
| 2024 | +331.3% | +25.6% |
| 2025 | +108.5% | +20.8% |
| 2026 | -14.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARQT and QQQ?
The ARQT/QQQ correlation stands at 0.15 on a 3-year window (1 year: 0.12, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ARQT?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
A reading of 0.15 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
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Related comparisons
Hubs: ARQT correlations · QQQ correlations
