ADSK vs QQQ: Correlation
How closely do Autodesk (ADSK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADSK and QQQ?
Across a 3-year window, the weekly returns of ADSK and QQQ correlate at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.21) runs below the 3-year figure (0.47). Stretching to 5 years gives 0.64, with an annualized covariance of 280.9 %².
Among the 44 assets we track against ADSK, QQQ ranks #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 31.7 points (-5.4% versus +26.3%). This link changes with the market regime, having swung between 0.19 and 0.80 on a rolling one-year basis. Note the risk asymmetry: ADSK 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.
ADSK vs QQQ: side by side
| ADSK (Autodesk) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.4% | +26.3% |
| 5-year return | -13.7% | +95.4% |
| Volatility (ann.) | 30.9% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -42.6% | -22.8% |
| Market cap | $57.1B | – |
| P/E (trailing) | 37.2 | – |
| Dividend yield | 0.00% | 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 | ADSK | QQQ |
|---|---|---|
| 2022 | -33.5% | -32.6% |
| 2023 | +30.3% | +54.9% |
| 2024 | +21.4% | +25.6% |
| 2025 | +0.1% | +20.8% |
| 2026 | -8.6% | +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 ADSK at a 0.24% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ADSK and QQQ good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADSK and QQQ?
As of 2026-08-27, the correlation of weekly returns between ADSK and QQQ is 0.47 over 3 years, 0.21 over 1 year and 0.64 over 5 years.
Is QQQ a good diversifier for ADSK?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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.
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Related comparisons
Hubs: ADSK correlations · QQQ correlations
