ACM vs QQQ: Correlation
AECOM (ACM) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACM and QQQ?
Across a 3-year window, the weekly returns of ACM and QQQ correlate at 0.30, moderate. The link has loosened recently: the 1-year correlation (0.17) runs below the 3-year figure (0.30). Stretching to 5 years gives 0.39, with an annualized covariance of 172.5 %².
By 3-year correlation, QQQ places #9 of the 16 assets tracked against ACM. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 72.9 percentage points (-46.6% for ACM 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.
ACM vs QQQ: side by side
| ACM (AECOM) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -46.6% | +26.3% |
| 5-year return | +5.2% | +95.4% |
| Volatility (ann.) | 29.1% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -54.1% | -22.8% |
| Market cap | $8.5B | – |
| P/E (trailing) | 22.9 | – |
| Dividend yield | 1.83% | 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 | ACM | QQQ |
|---|---|---|
| 2022 | +10.7% | -32.6% |
| 2023 | +9.8% | +54.9% |
| 2024 | +16.7% | +25.6% |
| 2025 | -9.9% | +20.8% |
| 2026 | -29.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACM and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ACM and QQQ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.17 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for ACM?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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/acm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acm-vs-qqq/)
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Related comparisons
Hubs: ACM correlations · QQQ correlations
