AUR vs QQQ: Correlation
Measured on weekly returns over the past three years, Aurora Innovation, Inc. (AUR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUR and QQQ?
Over the past 3 years, AUR and QQQ moved with a correlation of 0.46, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.46 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 732.3 %².
Within AUR's tracked universe of 13 assets, QQQ comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 26.8 points (-0.5% versus +26.3%). One caveat on sizing: AUR is 4.2 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.
AUR vs QQQ: side by side
| AUR (Aurora Innovation, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.5% | +26.3% |
| 5-year return | -42.3% | +95.4% |
| Volatility (ann.) | 81.8% | 19.6% |
| Beta vs S&P 500 | 2.61 | 1.28 |
| Max drawdown (3Y) | -63.0% | -22.8% |
| Market cap | $11.4B | – |
| 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 | AUR | QQQ |
|---|---|---|
| 2022 | -89.3% | -32.6% |
| 2023 | +261.2% | +54.9% |
| 2024 | +44.2% | +25.6% |
| 2025 | -39.0% | +20.8% |
| 2026 | +48.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUR and QQQ good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AUR and QQQ?
The AUR/QQQ correlation stands at 0.46 on a 3-year window (1 year: 0.56, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AUR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/aur-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aur-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUR correlations · QQQ correlations
