ADAM vs QQQ: Correlation
Measured on weekly returns over the past three years, Adamas Trust, Inc. (ADAM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADAM and QQQ?
Over the past 3 years, ADAM and QQQ moved with a correlation of 0.28, which is weak. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 175.8 %².
Among the 12 assets we track against ADAM, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: ADAM led by 30.9 percentage points, +57.2% for ADAM against +26.3% for QQQ. Note the risk asymmetry: ADAM runs 1.7 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.
ADAM vs QQQ: side by side
| ADAM (Adamas Trust, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +57.2% | +26.3% |
| 5-year return | +6.4% | +95.4% |
| Volatility (ann.) | 32.7% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -38.7% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 5.8 | – |
| Dividend yield | 9.83% | 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 | ADAM | QQQ |
|---|---|---|
| 2022 | -20.8% | -32.6% |
| 2023 | -5.5% | +54.9% |
| 2024 | -19.3% | +25.6% |
| 2025 | +36.5% | +20.8% |
| 2026 | +43.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADAM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ADAM and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.29 over the last year and 0.42 over 5 years.
Is QQQ a good diversifier for ADAM?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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: ADAM correlations · QQQ correlations
