AHR vs QQQ: Correlation
American Healthcare REIT, Inc. (AHR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHR and QQQ?
Over the past 3 years, AHR and QQQ moved with a correlation of 0.17, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.17 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 90.2 %².
Among the 11 assets we track against AHR, QQQ sits near the bottom by co-movement, at rank #8. The trailing year gives AHR the advantage: +35.0% versus +26.3%, a 8.7-point spread.
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.
AHR vs QQQ: side by side
| AHR (American Healthcare REIT, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 26.9% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -13.6% | -22.8% |
| Market cap | $12.3B | – |
| P/E (trailing) | 84.3 | – |
| Dividend yield | 1.75% | 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 | AHR | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +70.0% | +20.8% |
| 2026 | +21.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHR and QQQ good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AHR and QQQ?
As of 2026-08-27, the correlation of weekly returns between AHR and QQQ is 0.17 over 3 years, 0.01 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for AHR?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 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.
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Related comparisons
Hubs: AHR correlations · QQQ correlations
