AGYS vs QQQ: Correlation
How closely do Agilysys, Inc. (AGYS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGYS and QQQ?
Across a 3-year window, the weekly returns of AGYS and QQQ correlate at 0.18, weak. Little has changed lately, as the 1-year reading of 0.10 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 165.4 %².
Out of 10 assets tracked against AGYS, QQQ lands near the bottom at #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 16.1 points (+10.2% versus +26.3%). Risk is not evenly split, since AGYS carries 2.5 times the volatility of the other side.
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.
AGYS vs QQQ: side by side
| AGYS (Agilysys, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.2% | +26.3% |
| 5-year return | +112.4% | +95.4% |
| Volatility (ann.) | 48.2% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -56.1% | -22.8% |
| Market cap | $3.4B | – |
| P/E (trailing) | 75.3 | – |
| Dividend yield | 0.00% | 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 | AGYS | QQQ |
|---|---|---|
| 2022 | +78.0% | -32.6% |
| 2023 | +7.2% | +54.9% |
| 2024 | +55.3% | +25.6% |
| 2025 | -9.8% | +20.8% |
| 2026 | +1.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGYS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, AGYS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGYS and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.10 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for AGYS?
Yes. With a correlation of 0.18, AGYS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
A reading of 0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/agys-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/agys-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGYS correlations · QQQ correlations
