AMCR vs QQQ: Correlation
Amcor (AMCR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and QQQ?
On 3 years of weekly data the AMCR/QQQ correlation comes out at 0.15, weak. Recent behaviour matches the longer record: 0.12 over 1 year against 0.15 over 3. The 5-year figure is 0.30, and annualized covariance runs at 73.2 %².
Within AMCR's tracked universe of 36 assets, QQQ comes in at #26 by 3-year correlation. On 12-month performance QQQ holds a 13.7-point edge, +12.6% against +26.3%. The relationship is regime-dependent: the rolling one-year correlation swung between -0.12 and 0.66 over the past three years, so this pair behaves very differently depending on the market environment.
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.
AMCR vs QQQ: side by side
| AMCR (Amcor) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.6% | +26.3% |
| 5-year return | -9.8% | +95.4% |
| Volatility (ann.) | 24.5% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -32.0% | -22.8% |
| Market cap | $21.5B | – |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.51% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Materials | 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 | AMCR | QQQ |
|---|---|---|
| 2022 | +3.2% | -32.6% |
| 2023 | -15.0% | +54.9% |
| 2024 | +2.6% | +25.6% |
| 2025 | -9.0% | +20.8% |
| 2026 | +14.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, AMCR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMCR and QQQ?
As of 2026-08-27, the correlation of weekly returns between AMCR and QQQ is 0.15 over 3 years, 0.12 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for AMCR?
Yes. With a correlation of 0.15, AMCR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/amcr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amcr-vs-qqq/)
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Related comparisons
Hubs: AMCR correlations · QQQ correlations
