ARWR vs QQQ: Correlation
Measured on weekly returns over the past three years, Arrowhead Pharmaceuticals, Inc. (ARWR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARWR and QQQ?
On 3 years of weekly data the ARWR/QQQ correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. The 5-year figure is 0.41, and annualized covariance runs at 560.1 %².
Out of 12 assets tracked against ARWR, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with ARWR ahead by 280.3 points (+306.6% versus +26.3%). Note the risk asymmetry: ARWR runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ARWR vs QQQ: side by side
| ARWR (Arrowhead Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +306.6% | +26.3% |
| 5-year return | +32.5% | +95.4% |
| Volatility (ann.) | 65.8% | 19.6% |
| Beta vs S&P 500 | 2.19 | 1.28 |
| Max drawdown (3Y) | -74.7% | -22.8% |
| Market cap | $12.5B | – |
| 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 | ARWR | QQQ |
|---|---|---|
| 2022 | -38.8% | -32.6% |
| 2023 | -24.6% | +54.9% |
| 2024 | -38.6% | +25.6% |
| 2025 | +253.1% | +20.8% |
| 2026 | +33.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARWR and QQQ good diversifiers for each other?
Reasonably. At 0.44, ARWR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ARWR and QQQ?
As of 2026-08-27, the correlation of weekly returns between ARWR and QQQ is 0.44 over 3 years, 0.35 over 1 year and 0.41 over 5 years.
Is QQQ a good diversifier for ARWR?
Reasonably. At 0.44, ARWR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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
$ curl https://www.pairbook.io/api/v1/pairs/arwr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arwr-vs-qqq/)
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Related comparisons
Hubs: ARWR correlations · QQQ correlations
