ARTNA vs QQQ: Correlation
Artesian Resources Corporation - Class A Non-Voting (ARTNA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTNA and QQQ?
Across a 3-year window, the weekly returns of ARTNA and QQQ correlate at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.16) runs below the 3-year figure (0.11). Stretching to 5 years gives 0.13, with an annualized covariance of 47.5 %².
Out of 12 assets tracked against ARTNA, QQQ lands near the bottom at #8. The last year tells two different stories: QQQ led by 15.7 percentage points, +10.6% for ARTNA against +26.3% for QQQ.
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.
ARTNA vs QQQ: side by side
| ARTNA (Artesian Resources Corporation - Class A Non-Voting) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.6% | +26.3% |
| 5-year return | +4.6% | +95.4% |
| Volatility (ann.) | 22.9% | 19.6% |
| Beta vs S&P 500 | 0.27 | 1.28 |
| Max drawdown (3Y) | -34.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 15.6 | – |
| Dividend yield | 3.54% | 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 | ARTNA | QQQ |
|---|---|---|
| 2022 | +29.3% | -32.6% |
| 2023 | -27.6% | +54.9% |
| 2024 | -21.2% | +25.6% |
| 2025 | +3.8% | +20.8% |
| 2026 | +15.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTNA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARTNA and QQQ?
As of 2026-08-27, the correlation of weekly returns between ARTNA and QQQ is 0.11 over 3 years, -0.16 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for ARTNA?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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/artna-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/artna-vs-qqq/)
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Related comparisons
Hubs: ARTNA correlations · QQQ correlations
