AKAM vs QQQ: Correlation
How closely do Akamai Technologies (AKAM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and QQQ?
Over the past 3 years, AKAM and QQQ moved with a correlation of 0.21, which is weak. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 190.0 %².
Within AKAM's tracked universe of 30 assets, QQQ comes in at #19 by 3-year correlation. The last year tells two different stories: AKAM led by 15.8 percentage points, +42.1% for AKAM against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.10 to 0.66. One caveat on sizing: AKAM is 2.3 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.
AKAM vs QQQ: side by side
| AKAM (Akamai Technologies) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +42.1% | +26.3% |
| 5-year return | -1.6% | +95.4% |
| Volatility (ann.) | 45.7% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -46.8% | -22.8% |
| Market cap | $16.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | AKAM | QQQ |
|---|---|---|
| 2022 | -28.0% | -32.6% |
| 2023 | +40.4% | +54.9% |
| 2024 | -19.2% | +25.6% |
| 2025 | -8.8% | +20.8% |
| 2026 | +27.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AKAM and QQQ?
As of 2026-08-27, the correlation of weekly returns between AKAM and QQQ is 0.21 over 3 years, 0.12 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for AKAM?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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: AKAM correlations · QQQ correlations
