ASAN vs QQQ: Correlation
Asana, Inc. (ASAN) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASAN and QQQ?
Over the past 3 years, ASAN and QQQ moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.25) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 444.7 %².
By 3-year correlation, QQQ places #12 of the 19 assets tracked against ASAN. Correlation aside, the last 12 months split them widely, with QQQ ahead by 55.3 points (-29.0% versus +26.3%). Risk is not evenly split, since ASAN carries 3.1 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.
ASAN vs QQQ: side by side
| ASAN (Asana, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -29.0% | +26.3% |
| 5-year return | -86.9% | +95.4% |
| Volatility (ann.) | 59.9% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -80.2% | -22.8% |
| Market cap | $2.3B | – |
| 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 | ASAN | QQQ |
|---|---|---|
| 2022 | -81.5% | -32.6% |
| 2023 | +38.1% | +54.9% |
| 2024 | +6.6% | +25.6% |
| 2025 | -32.4% | +20.8% |
| 2026 | -25.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASAN and QQQ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASAN and QQQ?
The ASAN/QQQ correlation stands at 0.38 on a 3-year window (1 year: 0.25, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ASAN?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/asan-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asan-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASAN correlations · QQQ correlations
