ACNT vs QQQ: Correlation
Ascent Industries Co. (ACNT) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACNT and QQQ?
Across a 3-year window, the weekly returns of ACNT and QQQ correlate at -0.01, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.05) sits close to the 3-year figure. Stretching to 5 years gives 0.10, with an annualized covariance of -4.0 %².
Among the 16 assets we track against ACNT, QQQ ranks #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +31.0% for ACNT and +26.3% for QQQ. Note the risk asymmetry: ACNT runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ACNT vs QQQ: side by side
| ACNT (Ascent Industries Co.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.0% | +26.3% |
| 5-year return | +37.0% | +95.4% |
| Volatility (ann.) | 31.2% | 19.6% |
| Beta vs S&P 500 | 0.09 | 1.28 |
| Max drawdown (3Y) | -31.8% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | ACNT | QQQ |
|---|---|---|
| 2022 | -47.2% | -32.6% |
| 2023 | +10.3% | +54.9% |
| 2024 | +16.9% | +25.6% |
| 2025 | +44.8% | +20.8% |
| 2026 | -2.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACNT and QQQ good diversifiers for each other?
Yes. With a correlation of -0.01, ACNT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACNT and QQQ?
Using weekly returns as of 2026-08-27: -0.01 over 3 years, with 0.05 over the last year and 0.10 over 5 years.
Is QQQ a good diversifier for ACNT?
Yes. With a correlation of -0.01, ACNT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.01 mean?
On the −1 to +1 scale, -0.01 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: ACNT correlations · QQQ correlations
