AUPH vs QQQ: Correlation
Measured on weekly returns over the past three years, Aurinia Pharmaceuticals Inc (AUPH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUPH and QQQ?
On 3 years of weekly data the AUPH/QQQ correlation comes out at 0.19, weak. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.19 over 3 years. The 5-year figure is 0.28, and annualized covariance runs at 155.9 %².
Among the 20 assets we track against AUPH, QQQ ranks #7 by 3-year correlation. Over the last 12 months AUPH came out ahead by 9.7 percentage points (+36.0% against +26.3%). Note the risk asymmetry: AUPH runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AUPH vs QQQ: side by side
| AUPH (Aurinia Pharmaceuticals Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.0% | +26.3% |
| 5-year return | -3.2% | +95.4% |
| Volatility (ann.) | 41.8% | 19.6% |
| Beta vs S&P 500 | 0.59 | 1.28 |
| Max drawdown (3Y) | -52.8% | -22.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | 7.3 | – |
| 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 | AUPH | QQQ |
|---|---|---|
| 2022 | -81.1% | -32.6% |
| 2023 | +108.1% | +54.9% |
| 2024 | -0.1% | +25.6% |
| 2025 | +77.6% | +20.8% |
| 2026 | +3.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUPH and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AUPH and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.02 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for AUPH?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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/auph-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/auph-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUPH correlations · QQQ correlations
