AER vs QQQ: Correlation
How closely do AerCap Holdings N.V. (AER) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AER and QQQ?
Across a 3-year window, the weekly returns of AER and QQQ correlate at 0.45, moderate. The past 12 months show a weaker link (0.34) than the 3-year average (0.45). Stretching to 5 years gives 0.43, with an annualized covariance of 193.4 %².
QQQ is close to the least connected end of AER's tracked universe, ranking #7 of 11. Neither side won the trailing year by much: +21.4% against +26.3%.
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.
AER vs QQQ: side by side
| AER (AerCap Holdings N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.4% | +26.3% |
| 5-year return | +178.9% | +95.4% |
| Volatility (ann.) | 22.0% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -15.7% | -22.8% |
| Market cap | $23.3B | – |
| P/E (trailing) | 7.4 | – |
| Dividend yield | 0.98% | 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 | AER | QQQ |
|---|---|---|
| 2022 | -10.9% | -32.6% |
| 2023 | +27.4% | +54.9% |
| 2024 | +29.8% | +25.6% |
| 2025 | +51.4% | +20.8% |
| 2026 | +3.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AER and QQQ good diversifiers for each other?
Reasonably. At 0.45, AER and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AER and QQQ?
As of 2026-08-27, the correlation of weekly returns between AER and QQQ is 0.45 over 3 years, 0.34 over 1 year and 0.43 over 5 years.
Is QQQ a good diversifier for AER?
Reasonably. At 0.45, AER and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 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
$ curl https://www.pairbook.io/api/v1/pairs/aer-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aer-vs-qqq/)
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Related comparisons
Hubs: AER correlations · QQQ correlations
