AMBA vs QQQ: Correlation
Measured on weekly returns over the past three years, Ambarella, Inc. (AMBA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBA and QQQ?
On 3 years of weekly data the AMBA/QQQ correlation comes out at 0.50, moderate. The past 12 months show a weaker link (0.30) than the 3-year average (0.50). The 5-year figure is 0.56, and annualized covariance runs at 580.8 %².
QQQ is close to the least connected end of AMBA's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 27.4 percentage points (-1.1% for AMBA against +26.3% for QQQ). One caveat on sizing: AMBA is 3.1 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.
AMBA vs QQQ: side by side
| AMBA (Ambarella, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.1% | +26.3% |
| 5-year return | -32.5% | +95.4% |
| Volatility (ann.) | 59.8% | 19.6% |
| Beta vs S&P 500 | 2.14 | 1.28 |
| Max drawdown (3Y) | -51.4% | -22.8% |
| Market cap | $3.1B | – |
| 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 | AMBA | QQQ |
|---|---|---|
| 2022 | -59.5% | -32.6% |
| 2023 | -25.5% | +54.9% |
| 2024 | +18.7% | +25.6% |
| 2025 | -2.6% | +20.8% |
| 2026 | +0.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBA and QQQ good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AMBA and QQQ?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.30 over the last year and 0.56 over 5 years.
Is QQQ a good diversifier for AMBA?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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/amba-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amba-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMBA correlations · QQQ correlations
