AAMI vs QQQ: Correlation
Measured on weekly returns over the past three years, Acadian Asset Management Inc. (AAMI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AAMI and QQQ?
Over the past 3 years, AAMI and QQQ moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 324.5 %².
Among the 12 assets we track against AAMI, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: AAMI led by 66.6 percentage points, +92.9% for AAMI against +26.3% for QQQ. One caveat on sizing: AAMI is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AAMI vs QQQ: side by side
| AAMI (Acadian Asset Management Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +92.9% | +26.3% |
| 5-year return | +260.9% | +95.4% |
| Volatility (ann.) | 33.4% | 19.6% |
| Beta vs S&P 500 | 1.30 | 1.28 |
| Max drawdown (3Y) | -26.5% | -22.8% |
| Market cap | $3.5B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 0.32% | 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 | AAMI | QQQ |
|---|---|---|
| 2022 | -19.4% | -32.6% |
| 2023 | -6.7% | +54.9% |
| 2024 | +37.7% | +25.6% |
| 2025 | +78.6% | +20.8% |
| 2026 | +107.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AAMI and QQQ good diversifiers for each other?
To a limited degree. At 0.50 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 AAMI and QQQ?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.47 over the last year and 0.51 over 5 years.
Is QQQ a good diversifier for AAMI?
To a limited degree. At 0.50 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 0.50 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
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[](https://www.pairbook.io/pair/aami-vs-qqq/)
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Related comparisons
Hubs: AAMI correlations · QQQ correlations
