--- - |2+ Abstract Objective Performance‐approach goals and performance‐avoidance goals are conceptually distinct, but they are often moderately or even highly positively correlated. The present research examines lay conceptions of approach and avoidance motivation as a moderator of this intergoal relation. Method Study 1 (N = 281) assessed whether participants considered norm‐based approach motivation as being the same or different from norm‐based avoidance motivation and tested these conceptions as a moderator of the performance goal correlation. Study 2 (N = 990) measured and experimentally manipulated lay conceptions. Results In both studies, individuals who viewed approach and avoidance motivation as different exhibited a smaller performance goal correlation and lower performance‐based goal adoption than those who viewed approach and avoidance goals as the same. Findings from experimentally manipulated conceptions provided further clarity regarding the precise nature of the relations and mean differences observed. Specifically, moderation was driven by the different condition (where the differences between approach and avoidance were highlighted). Conclusions This research sheds light on the nature and magnitude of the focal performance‐based goal correlation and highlights the value of attending to lay conceptions of approach and avoidance motivation as well as lay conceptions of ability. - Journal of Personality, EarlyView.