ASPS vs QQQ: Correlation
Altisource Portfolio Solutions S.A. (ASPS) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASPS and QQQ?
Across a 3-year window, the weekly returns of ASPS and QQQ correlate at -0.05, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.14 versus -0.05 over 3 years. Stretching to 5 years gives 0.03, with an annualized covariance of -88.9 %².
Among the 17 assets we track against ASPS, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 78.7 points (-52.4% versus +26.3%). Risk is not evenly split, since ASPS carries 4.4 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.
ASPS vs QQQ: side by side
| ASPS (Altisource Portfolio Solutions S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.4% | +26.3% |
| 5-year return | -93.2% | +95.4% |
| Volatility (ann.) | 85.7% | 19.6% |
| Beta vs S&P 500 | -0.36 | 1.28 |
| Max drawdown (3Y) | -88.8% | -22.8% |
| Market cap | $0.1B | – |
| 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 | ASPS | QQQ |
|---|---|---|
| 2022 | -15.7% | -32.6% |
| 2023 | -62.4% | +54.9% |
| 2024 | -81.5% | +25.6% |
| 2025 | +31.6% | +20.8% |
| 2026 | -19.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASPS and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASPS and QQQ?
Using weekly returns as of 2026-08-27: -0.05 over 3 years, with 0.14 over the last year and 0.03 over 5 years.
Is QQQ a good diversifier for ASPS?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
What does a correlation of -0.05 mean?
On the −1 to +1 scale, -0.05 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/asps-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asps-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASPS correlations · QQQ correlations
