IAF vs QQQ: Correlation
Measured on weekly returns over the past three years, abrdn Australia Equity Fund, Inc. (IAF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IAF and QQQ?
Across a 3-year window, the weekly returns of IAF and QQQ correlate at 0.60, strong. Recent behaviour matches the longer record: 0.56 over 1 year against 0.60 over 3. Stretching to 5 years gives 0.59, with an annualized covariance of 216.8 %².
Among the 14 assets we track against IAF, QQQ ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.3 percentage points (+9.0% for IAF against +26.3% for QQQ).
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.
IAF vs QQQ: side by side
| IAF (abrdn Australia Equity Fund, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.0% | +26.3% |
| 5-year return | +23.6% | +95.4% |
| Volatility (ann.) | 18.6% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -23.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 10.76% | 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 | IAF | QQQ |
|---|---|---|
| 2022 | -19.4% | -32.6% |
| 2023 | +10.4% | +54.9% |
| 2024 | +8.2% | +25.6% |
| 2025 | +14.9% | +20.8% |
| 2026 | +12.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IAF and QQQ good diversifiers for each other?
Only partially. A correlation of 0.60 means IAF 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 IAF and QQQ?
The IAF/QQQ correlation stands at 0.60 on a 3-year window (1 year: 0.56, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for IAF?
Only partially. A correlation of 0.60 means IAF 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 0.60 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iaf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iaf-vs-qqq/)
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Related comparisons
Hubs: IAF correlations · QQQ correlations
