AESI vs QQQ: Correlation
Atlas Energy Solutions Inc. (AESI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AESI and QQQ?
Across a 3-year window, the weekly returns of AESI and QQQ correlate at 0.28, weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 285.9 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against AESI. Correlation aside, the last 12 months split them widely, with QQQ ahead by 15.2 points (+11.1% versus +26.3%). One caveat on sizing: AESI is 2.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AESI vs QQQ: side by side
| AESI (Atlas Energy Solutions Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 52.7% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -65.9% | -22.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.07% | 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 | AESI | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +34.6% | +25.6% |
| 2025 | -55.3% | +20.8% |
| 2026 | +38.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AESI and QQQ good diversifiers for each other?
Reasonably. At 0.28, AESI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AESI and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.19 over the last year and n/a over 5 years.
Is QQQ a good diversifier for AESI?
Reasonably. At 0.28, AESI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio 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.
Use this data
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Related comparisons
Hubs: AESI correlations · QQQ correlations
