AMCX vs QQQ: Correlation
Measured on weekly returns over the past three years, AMC Global Media Inc. (AMCX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCX and QQQ?
Across a 3-year window, the weekly returns of AMCX and QQQ correlate at 0.25, weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 262.6 %².
QQQ is close to the least connected end of AMCX's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months AMCX outperformed by 50.4 percentage points (+76.7% for AMCX against +26.3% for QQQ). Risk is not evenly split, since AMCX carries 2.8 times the volatility of the other side.
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.
AMCX vs QQQ: side by side
| AMCX (AMC Global Media Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +76.7% | +26.3% |
| 5-year return | -74.1% | +95.4% |
| Volatility (ann.) | 54.2% | 19.6% |
| Beta vs S&P 500 | 1.21 | 1.28 |
| Max drawdown (3Y) | -73.1% | -22.8% |
| Market cap | $0.5B | – |
| 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 | AMCX | QQQ |
|---|---|---|
| 2022 | -54.5% | -32.6% |
| 2023 | +19.9% | +54.9% |
| 2024 | -47.3% | +25.6% |
| 2025 | -3.8% | +20.8% |
| 2026 | +29.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMCX and QQQ?
The AMCX/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.25, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AMCX?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amcx-vs-qqq/)
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Related comparisons
Hubs: AMCX correlations · QQQ correlations
