AMBO vs QQQ: Correlation
Measured on weekly returns over the past three years, Ambow Education Holding Ltd. American Depository Shares (AMBO) and Invesco QQQ Trust (QQQ) carry a correlation of -0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMBO and QQQ?
Across a 3-year window, the weekly returns of AMBO and QQQ correlate at -0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.02 over 1 year against -0.01 over 3. Stretching to 5 years gives 0.00, with an annualized covariance of -18.1 %².
Out of 11 assets tracked against AMBO, QQQ lands near the bottom at #8. The last year tells two different stories: QQQ led by 68.7 percentage points, -42.4% for AMBO against +26.3% for QQQ. One caveat on sizing: AMBO is 7.5 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.
AMBO vs QQQ: side by side
| AMBO (Ambow Education Holding Ltd. American Depository Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -42.4% | +26.3% |
| 5-year return | -86.6% | +95.4% |
| Volatility (ann.) | 146.2% | 19.6% |
| Beta vs S&P 500 | -0.00 | 1.28 |
| Max drawdown (3Y) | -73.6% | -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 | AMBO | QQQ |
|---|---|---|
| 2022 | -67.0% | -32.6% |
| 2023 | -54.8% | +54.9% |
| 2024 | +52.2% | +25.6% |
| 2025 | +31.4% | +20.8% |
| 2026 | -24.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMBO and QQQ good diversifiers for each other?
Yes. With a correlation of -0.01, AMBO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMBO and QQQ?
Using weekly returns as of 2026-08-27: -0.01 over 3 years, with -0.02 over the last year and 0.00 over 5 years.
Is QQQ a good diversifier for AMBO?
Yes. With a correlation of -0.01, AMBO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.01 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ambo-vs-qqq.json
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Related comparisons
Hubs: AMBO correlations · QQQ correlations
