AIRI vs QQQ: Correlation
How closely do Air Industries Group (AIRI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AIRI and QQQ?
Over the past 3 years, AIRI and QQQ moved with a correlation of 0.15, which is weak. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. Over 5 years the correlation is 0.14, and the annualized covariance of weekly returns is 191.1 %².
Among the 11 assets we track against AIRI, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 44.3 percentage points, -18.0% for AIRI against +26.3% for QQQ. One caveat on sizing: AIRI is 3.3 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.
AIRI vs QQQ: side by side
| AIRI (Air Industries Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.0% | +26.3% |
| 5-year return | -78.6% | +95.4% |
| Volatility (ann.) | 64.8% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -69.2% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | AIRI | QQQ |
|---|---|---|
| 2022 | -53.3% | -32.6% |
| 2023 | -23.5% | +54.9% |
| 2024 | +25.2% | +25.6% |
| 2025 | -24.6% | +20.8% |
| 2026 | -15.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AIRI and QQQ good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AIRI and QQQ?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with 0.23 over the last year and 0.14 over 5 years.
Is QQQ a good diversifier for AIRI?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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
$ curl https://www.pairbook.io/api/v1/pairs/airi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/airi-vs-qqq/)
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Related comparisons
Hubs: AIRI correlations · QQQ correlations
