AVX vs QQQ: Correlation
Avax One Technology Ltd. (AVX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVX and QQQ?
On 3 years of weekly data the AVX/QQQ correlation comes out at 0.17, weak. The past 12 months show a tighter link (0.29) than the 3-year average (0.17). The 5-year figure is 0.07, and annualized covariance runs at 388.8 %².
Among the 12 assets we track against AVX, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 114.4 points (-88.1% versus +26.3%). Note the risk asymmetry: AVX runs 6.1 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.
AVX vs QQQ: side by side
| AVX (Avax One Technology Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -88.1% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 119.5% | 19.6% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | AVX | QQQ |
|---|---|---|
| 2022 | -45.7% | -32.6% |
| 2023 | -99.2% | +54.9% |
| 2024 | -95.0% | +25.6% |
| 2025 | -92.9% | +20.8% |
| 2026 | -80.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between AVX and QQQ?
The AVX/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.29, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AVX?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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: AVX correlations · QQQ correlations
