AVXL vs QQQ: Correlation
How closely do Anavex Life Sciences Corp. (AVXL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVXL and QQQ?
On 3 years of weekly data the AVXL/QQQ correlation comes out at 0.32, moderate. The past 12 months show a tighter link (0.45) than the 3-year average (0.32). The 5-year figure is 0.37, and annualized covariance runs at 531.3 %².
QQQ is close to the least connected end of AVXL's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 93.2 percentage points (-66.9% for AVXL against +26.3% for QQQ). Risk is not evenly split, since AVXL carries 4.3 times the volatility of the other side.
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.
AVXL vs QQQ: side by side
| AVXL (Anavex Life Sciences Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -66.9% | +26.3% |
| 5-year return | -83.1% | +95.4% |
| Volatility (ann.) | 84.1% | 19.6% |
| Beta vs S&P 500 | 2.04 | 1.28 |
| Max drawdown (3Y) | -82.6% | -22.8% |
| Market cap | $0.3B | – |
| 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 | AVXL | QQQ |
|---|---|---|
| 2022 | -46.6% | -32.6% |
| 2023 | +0.5% | +54.9% |
| 2024 | +15.4% | +25.6% |
| 2025 | -66.9% | +20.8% |
| 2026 | -12.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVXL and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVXL and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.45 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for AVXL?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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: AVXL correlations · QQQ correlations
