ASST vs QQQ: Correlation
How closely do Strive, Inc. (ASST) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASST and QQQ?
Across a 3-year window, the weekly returns of ASST and QQQ correlate at -0.02, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.25 versus -0.02 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -245.6 %².
Within ASST's tracked universe of 58 assets, QQQ comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 106.7 points (-80.4% versus +26.3%). Risk is not evenly split, since ASST carries 36.9 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.
ASST vs QQQ: side by side
| ASST (Strive, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -80.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 723.1% | 19.6% |
| Beta vs S&P 500 | -1.01 | 1.28 |
| Max drawdown (3Y) | -97.2% | -22.8% |
| Market cap | $2.1B | – |
| 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 | ASST | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -84.6% | +25.6% |
| 2025 | +50.3% | +20.8% |
| 2026 | +56.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASST and QQQ good diversifiers for each other?
Yes. With a correlation of -0.02, ASST and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ASST and QQQ?
The ASST/QQQ correlation stands at -0.02 on a 3-year window (1 year: 0.25, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ASST?
Yes. With a correlation of -0.02, ASST and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 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/asst-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asst-vs-qqq/)
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Related comparisons
Hubs: ASST correlations · QQQ correlations
