AURA vs QQQ: Correlation
How closely do Aura Biosciences, Inc. (AURA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AURA and QQQ?
On 3 years of weekly data the AURA/QQQ correlation comes out at 0.35, moderate. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 478.1 %².
QQQ is close to the least connected end of AURA's tracked universe, ranking #15 of 18. On 12-month performance QQQ holds a 6.7-point edge, +19.6% against +26.3%. One caveat on sizing: AURA is 3.6 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.
AURA vs QQQ: side by side
| AURA (Aura Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.6% | +26.3% |
| 5-year return | -48.0% | +95.4% |
| Volatility (ann.) | 70.5% | 19.6% |
| Beta vs S&P 500 | 2.01 | 1.28 |
| Max drawdown (3Y) | -59.1% | -22.8% |
| Market cap | $0.8B | – |
| 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 | AURA | QQQ |
|---|---|---|
| 2022 | -38.2% | -32.6% |
| 2023 | -15.6% | +54.9% |
| 2024 | -7.2% | +25.6% |
| 2025 | -33.7% | +20.8% |
| 2026 | +41.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AURA and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AURA and QQQ?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.35 over the last year and 0.33 over 5 years.
Is QQQ a good diversifier for AURA?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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
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[](https://www.pairbook.io/pair/aura-vs-qqq/)
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Related comparisons
Hubs: AURA correlations · QQQ correlations
