AIN vs QQQ: Correlation
Albany International Corporation (AIN) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIN and QQQ?
On 3 years of weekly data the AIN/QQQ correlation comes out at 0.37, moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.37). The 5-year figure is 0.40, and annualized covariance runs at 258.5 %².
Among the 20 assets we track against AIN, QQQ sits near the bottom by co-movement, at rank #16. The last year tells two different stories: QQQ led by 31.9 percentage points, -5.6% for AIN against +26.3% for QQQ. Risk is not evenly split, since AIN carries 1.8 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.
AIN vs QQQ: side by side
| AIN (Albany International Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.6% | +26.3% |
| 5-year return | -19.2% | +95.4% |
| Volatility (ann.) | 36.2% | 19.6% |
| Beta vs S&P 500 | 1.13 | 1.28 |
| Max drawdown (3Y) | -57.1% | -22.8% |
| Market cap | $1.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 1.88% | 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 | AIN | QQQ |
|---|---|---|
| 2022 | +12.6% | -32.6% |
| 2023 | +0.7% | +54.9% |
| 2024 | -17.6% | +25.6% |
| 2025 | -35.5% | +20.8% |
| 2026 | +17.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIN and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AIN and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.12 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for AIN?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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/ain-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ain-vs-qqq/)
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Related comparisons
Hubs: AIN correlations · QQQ correlations
