ADI vs QQQ: Correlation
Measured on weekly returns over the past three years, Analog Devices (ADI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and QQQ?
On 3 years of weekly data the ADI/QQQ correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 442.5 %².
By 3-year correlation, QQQ places #12 of the 51 assets tracked against ADI. Correlation aside, the last 12 months split them widely, with ADI ahead by 22.3 points (+48.6% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.52 to 0.79. Note the risk asymmetry: ADI 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.
ADI vs QQQ: side by side
| ADI (Analog Devices) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +48.6% | +26.3% |
| 5-year return | +143.1% | +95.4% |
| Volatility (ann.) | 32.6% | 19.6% |
| Beta vs S&P 500 | 1.56 | 1.28 |
| Max drawdown (3Y) | -32.2% | -22.8% |
| Market cap | $181.5B | – |
| P/E (trailing) | 44.6 | – |
| Dividend yield | 1.15% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | ADI | QQQ |
|---|---|---|
| 2022 | -4.9% | -32.6% |
| 2023 | +23.4% | +54.9% |
| 2024 | +8.8% | +25.6% |
| 2025 | +29.8% | +20.8% |
| 2026 | +38.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds ADI at a 0.8% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ADI and QQQ good diversifiers for each other?
Only partially. A correlation of 0.69 means ADI and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ADI and QQQ?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.66 over the last year and 0.70 over 5 years.
Is QQQ a good diversifier for ADI?
Only partially. A correlation of 0.69 means ADI and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
A reading of 0.69 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: ADI correlations · QQQ correlations
