AXIL vs QQQ: Correlation
How closely do AXIL Brands, Inc. (AXIL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXIL and QQQ?
Across a 3-year window, the weekly returns of AXIL and QQQ correlate at 0.12, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.12 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 224.5 %².
Within AXIL's tracked universe of 12 assets, QQQ comes in at #6 by 3-year correlation. The last year tells two different stories: QQQ led by 24.0 percentage points, +2.3% for AXIL against +26.3% for QQQ. One caveat on sizing: AXIL is 4.8 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.
AXIL vs QQQ: side by side
| AXIL (AXIL Brands, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 94.8% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -74.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 18.6 | – |
| 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 | AXIL | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +79.5% | +20.8% |
| 2026 | -8.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXIL and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AXIL and QQQ?
As of 2026-08-27, the correlation of weekly returns between AXIL and QQQ is 0.12 over 3 years, -0.03 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for AXIL?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
A reading of 0.12 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axil-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axil-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXIL correlations · QQQ correlations
