AEE vs QQQ: Correlation
Measured on weekly returns over the past three years, Ameren (AEE) and Invesco QQQ Trust (QQQ) carry a correlation of -0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AEE and QQQ?
Across a 3-year window, the weekly returns of AEE and QQQ correlate at -0.07, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.22) than the 3-year average (-0.07). Stretching to 5 years gives 0.17, with an annualized covariance of -23.3 %².
Within AEE's tracked universe of 35 assets, QQQ comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.5 percentage points (+8.8% for AEE against +26.3% for QQQ). This link changes with the market regime, having swung between -0.40 and 0.35 on a rolling one-year basis.
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.
AEE vs QQQ: side by side
| AEE (Ameren) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.8% | +26.3% |
| 5-year return | +39.7% | +95.4% |
| Volatility (ann.) | 17.8% | 19.6% |
| Beta vs S&P 500 | 0.10 | 1.28 |
| Max drawdown (3Y) | -16.5% | -22.8% |
| Market cap | $29.6B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 2.71% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | AEE | QQQ |
|---|---|---|
| 2022 | +2.5% | -32.6% |
| 2023 | -16.1% | +54.9% |
| 2024 | +27.5% | +25.6% |
| 2025 | +15.3% | +20.8% |
| 2026 | +8.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AEE and QQQ good diversifiers for each other?
Yes. With a correlation of -0.07, AEE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AEE and QQQ?
The AEE/QQQ correlation stands at -0.07 on a 3-year window (1 year: -0.22, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AEE?
Yes. With a correlation of -0.07, AEE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.07 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.
Use this data
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Related comparisons
Hubs: AEE correlations · QQQ correlations
