AWRE vs QQQ: Correlation
Measured on weekly returns over the past three years, Aware, Inc. (AWRE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWRE and QQQ?
Across a 3-year window, the weekly returns of AWRE and QQQ correlate at 0.32, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.50 versus 0.32 over 3 years. Stretching to 5 years gives 0.33, with an annualized covariance of 408.7 %².
Out of 11 assets tracked against AWRE, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 71.1 percentage points (-44.8% for AWRE against +26.3% for QQQ). One caveat on sizing: AWRE is 3.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AWRE vs QQQ: side by side
| AWRE (Aware, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -44.8% | +26.3% |
| 5-year return | -69.6% | +95.4% |
| Volatility (ann.) | 65.6% | 19.6% |
| Beta vs S&P 500 | 1.56 | 1.28 |
| Max drawdown (3Y) | -62.9% | -22.8% |
| Market cap | – | – |
| 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 | AWRE | QQQ |
|---|---|---|
| 2022 | -45.7% | -32.6% |
| 2023 | -2.9% | +54.9% |
| 2024 | +17.5% | +25.6% |
| 2025 | -5.1% | +20.8% |
| 2026 | -33.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWRE and QQQ good diversifiers for each other?
Reasonably. At 0.32, AWRE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AWRE and QQQ?
As of 2026-08-27, the correlation of weekly returns between AWRE and QQQ is 0.32 over 3 years, 0.50 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for AWRE?
Reasonably. At 0.32, AWRE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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
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Related comparisons
Hubs: AWRE correlations · QQQ correlations
