AVK vs QQQ: Correlation
How closely do Advent Convertible and Income Fund (AVK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVK and QQQ?
Across a 3-year window, the weekly returns of AVK and QQQ correlate at 0.66, strong. The past 12 months show a tighter link (0.84) than the 3-year average (0.66). Stretching to 5 years gives 0.63, with an annualized covariance of 213.5 %².
Out of 12 assets tracked against AVK, QQQ lands near the bottom at #8. Over the last 12 months QQQ came out ahead by 13.7 percentage points (+12.6% against +26.3%).
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.
AVK vs QQQ: side by side
| AVK (Advent Convertible and Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.6% | +26.3% |
| 5-year return | +28.2% | +95.4% |
| Volatility (ann.) | 16.6% | 19.6% |
| Beta vs S&P 500 | 0.83 | 1.28 |
| Max drawdown (3Y) | -17.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 11.20% | 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 | AVK | QQQ |
|---|---|---|
| 2022 | -34.5% | -32.6% |
| 2023 | +18.1% | +54.9% |
| 2024 | +19.4% | +25.6% |
| 2025 | +19.6% | +20.8% |
| 2026 | +7.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVK and QQQ good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVK and QQQ?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.84 over the last year and 0.63 over 5 years.
Is QQQ a good diversifier for AVK?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avk-vs-qqq.json
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[](https://www.pairbook.io/pair/avk-vs-qqq/)
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Related comparisons
Hubs: AVK correlations · QQQ correlations
