ASGI vs QQQ: Correlation
How closely do abrdn Global Infrastructure Income Fund (ASGI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASGI and QQQ?
Across a 3-year window, the weekly returns of ASGI and QQQ correlate at 0.28, weak. The past 12 months show a weaker link (0.15) than the 3-year average (0.28). Stretching to 5 years gives 0.40, with an annualized covariance of 103.6 %².
Among the 10 assets we track against ASGI, QQQ sits near the bottom by co-movement, at rank #7. On 12-month performance ASGI holds a 9.1-point edge, +35.4% against +26.3%.
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.
ASGI vs QQQ: side by side
| ASGI (abrdn Global Infrastructure Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.4% | +26.3% |
| 5-year return | +97.5% | +95.4% |
| Volatility (ann.) | 19.0% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -15.1% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.8 | – |
| 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 | ASGI | QQQ |
|---|---|---|
| 2022 | -10.5% | -32.6% |
| 2023 | +14.5% | +54.9% |
| 2024 | +10.3% | +25.6% |
| 2025 | +44.2% | +20.8% |
| 2026 | +20.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASGI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASGI and QQQ?
The ASGI/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.15, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ASGI?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASGI correlations · QQQ correlations
