AVPT vs QQQ: Correlation
How closely do AvePoint, Inc. (AVPT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVPT and QQQ?
Across a 3-year window, the weekly returns of AVPT and QQQ correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 331.2 %².
Among the 25 assets we track against AVPT, QQQ ranks #19 by 3-year correlation. The last year tells two different stories: QQQ led by 35.8 percentage points, -9.5% for AVPT against +26.3% for QQQ. Note the risk asymmetry: AVPT 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.
AVPT vs QQQ: side by side
| AVPT (AvePoint, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.5% | +26.3% |
| 5-year return | +57.7% | +95.4% |
| Volatility (ann.) | 41.3% | 19.6% |
| Beta vs S&P 500 | 1.18 | 1.28 |
| Max drawdown (3Y) | -55.0% | -22.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 42.1 | – |
| 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 | AVPT | QQQ |
|---|---|---|
| 2022 | -34.7% | -32.6% |
| 2023 | +99.8% | +54.9% |
| 2024 | +101.1% | +25.6% |
| 2025 | -15.9% | +20.8% |
| 2026 | +3.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVPT and QQQ good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVPT and QQQ?
As of 2026-08-27, the correlation of weekly returns between AVPT and QQQ is 0.41 over 3 years, 0.33 over 1 year and 0.48 over 5 years.
Is QQQ a good diversifier for AVPT?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
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Related comparisons
Hubs: AVPT correlations · QQQ correlations
