ATXG vs QQQ: Correlation
How closely do Addentax Group Corp. (ATXG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATXG and QQQ?
Across a 3-year window, the weekly returns of ATXG and QQQ correlate at 0.09, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.12 over 1 year against 0.09 over 3. Stretching to 5 years gives 0.06, with an annualized covariance of 165.8 %².
QQQ is close to the least connected end of ATXG's tracked universe, ranking #6 of 10. The last year tells two different stories: QQQ led by 83.8 percentage points, -57.5% for ATXG against +26.3% for QQQ. One caveat on sizing: ATXG is 4.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ATXG vs QQQ: side by side
| ATXG (Addentax Group Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -57.5% | +26.3% |
| 5-year return | -99.7% | +95.4% |
| Volatility (ann.) | 94.8% | 19.6% |
| Beta vs S&P 500 | 0.60 | 1.28 |
| Max drawdown (3Y) | -90.5% | -22.8% |
| Market cap | – | – |
| 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 | ATXG | QQQ |
|---|---|---|
| 2022 | -85.7% | -32.6% |
| 2023 | -86.6% | +54.9% |
| 2024 | -57.4% | +25.6% |
| 2025 | -36.1% | +20.8% |
| 2026 | -37.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATXG and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, ATXG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATXG and QQQ?
The ATXG/QQQ correlation stands at 0.09 on a 3-year window (1 year: 0.12, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ATXG?
Yes. With a correlation of 0.09, ATXG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
A reading of 0.09 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atxg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atxg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATXG correlations · QQQ correlations
