AVBP vs QQQ: Correlation
Measured on weekly returns over the past three years, ArriVent BioPharma, Inc. (AVBP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBP and QQQ?
Across a 3-year window, the weekly returns of AVBP and QQQ correlate at 0.27, weak. Recent behaviour matches the longer record: 0.30 over 1 year against 0.27 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 277.9 %².
Out of 17 assets tracked against AVBP, QQQ lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months AVBP outperformed by 35.1 percentage points (+61.4% for AVBP against +26.3% for QQQ). Note the risk asymmetry: AVBP runs 2.7 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.
AVBP vs QQQ: side by side
| AVBP (ArriVent BioPharma, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +61.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 52.7% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -54.3% | -22.8% |
| Market cap | $1.5B | – |
| 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 | AVBP | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -24.5% | +20.8% |
| 2026 | +54.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBP and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVBP and QQQ?
As of 2026-08-27, the correlation of weekly returns between AVBP and QQQ is 0.27 over 3 years, 0.30 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for AVBP?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 mean?
A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AVBP correlations · QQQ correlations
