IAE vs QQQ: Correlation
How closely do Voya Asia Pacific High Dividend Equity Income Fund ING Asia (IAE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAE and QQQ?
Over the past 3 years, IAE and QQQ moved with a correlation of 0.58, which is moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 186.3 %².
Within IAE's tracked universe of 17 assets, QQQ comes in at #8 by 3-year correlation. Over the last 12 months IAE came out ahead by 11.5 percentage points (+37.8% against +26.3%).
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.
IAE vs QQQ: side by side
| IAE (Voya Asia Pacific High Dividend Equity Income Fund ING Asia) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +37.8% | +26.3% |
| 5-year return | +84.4% | +95.4% |
| Volatility (ann.) | 16.5% | 19.6% |
| Beta vs S&P 500 | 0.72 | 1.28 |
| Max drawdown (3Y) | -16.2% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.5 | – |
| 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 | IAE | QQQ |
|---|---|---|
| 2022 | -14.0% | -32.6% |
| 2023 | +9.1% | +54.9% |
| 2024 | +13.4% | +25.6% |
| 2025 | +34.6% | +20.8% |
| 2026 | +29.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAE and QQQ good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between IAE and QQQ?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.57 over the last year and 0.54 over 5 years.
Is QQQ a good diversifier for IAE?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 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/iae-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iae-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IAE correlations · QQQ correlations
