AXP vs QQQ: Correlation
American Express (AXP) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and QQQ?
Over the past 3 years, AXP and QQQ moved with a correlation of 0.53, which is moderate. The past 12 months show a weaker link (0.41) than the 3-year average (0.53). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 274.0 %².
Among the 35 assets we track against AXP, QQQ ranks #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 21.6 points (+4.7% versus +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.25 to 0.79.
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.
AXP vs QQQ: side by side
| AXP (American Express) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.7% | +26.3% |
| 5-year return | +116.2% | +95.4% |
| Volatility (ann.) | 26.6% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -28.8% | -22.8% |
| Market cap | $225.7B | – |
| P/E (trailing) | 20.4 | – |
| Dividend yield | 1.05% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | AXP | QQQ |
|---|---|---|
| 2022 | -8.5% | -32.6% |
| 2023 | +28.7% | +54.9% |
| 2024 | +60.3% | +25.6% |
| 2025 | +26.0% | +20.8% |
| 2026 | -8.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and QQQ good diversifiers for each other?
Only partially. A correlation of 0.53 means AXP and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AXP and QQQ?
As of 2026-08-27, the correlation of weekly returns between AXP and QQQ is 0.53 over 3 years, 0.41 over 1 year and 0.56 over 5 years.
Is QQQ a good diversifier for AXP?
Only partially. A correlation of 0.53 means AXP and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/axp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axp-vs-qqq/)
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Related comparisons
Hubs: AXP correlations · QQQ correlations
