AAME vs QQQ: Correlation
How closely do Atlantic American Corporation (AAME) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAME and QQQ?
Over the past 3 years, AAME and QQQ moved with a correlation of 0.18, which is weak. The link has tightened recently: the 1-year correlation (0.33) runs above the 3-year figure (0.18). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 207.1 %².
Among the 11 assets we track against AAME, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 80.5 percentage points (-54.2% for AAME against +26.3% for QQQ). Risk is not evenly split, since AAME carries 3.0 times the volatility of the other side.
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.
AAME vs QQQ: side by side
| AAME (Atlantic American Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -54.2% | +26.3% |
| 5-year return | -57.7% | +95.4% |
| Volatility (ann.) | 59.6% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -63.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 5.6 | – |
| Dividend yield | 1.54% | 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 | AAME | QQQ |
|---|---|---|
| 2022 | -4.0% | -32.6% |
| 2023 | +5.9% | +54.9% |
| 2024 | -36.6% | +25.6% |
| 2025 | +86.6% | +20.8% |
| 2026 | -44.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAME and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between AAME and QQQ?
As of 2026-08-27, the correlation of weekly returns between AAME and QQQ is 0.18 over 3 years, 0.33 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for AAME?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 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.
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Related comparisons
Hubs: AAME correlations · QQQ correlations
