AMD vs QQQ: Correlation
Measured on weekly returns over the past three years, Advanced Micro Devices (AMD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMD and QQQ?
Over the past 3 years, AMD and QQQ moved with a correlation of 0.62, which is strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.62). Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 674.8 %².
Among the 33 assets we track against AMD, QQQ ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMD outperformed by 158.9 percentage points (+185.2% for AMD against +26.3% for QQQ). On a rolling one-year basis the correlation drifted between 0.40 and 0.84, a moderate band. Note the risk asymmetry: AMD runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AMD vs QQQ: side by side
| AMD (Advanced Micro Devices) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +185.2% | +26.3% |
| 5-year return | +328.2% | +95.4% |
| Volatility (ann.) | 55.7% | 19.6% |
| Beta vs S&P 500 | 2.04 | 1.28 |
| Max drawdown (3Y) | -63.0% | -22.8% |
| Market cap | $778.2B | – |
| P/E (trailing) | 121.9 | – |
| 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 | AMD | QQQ |
|---|---|---|
| 2022 | -55.0% | -32.6% |
| 2023 | +127.6% | +54.9% |
| 2024 | -18.1% | +25.6% |
| 2025 | +77.3% | +20.8% |
| 2026 | +122.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds AMD at a 3.48% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are AMD and QQQ good diversifiers for each other?
Only partially. A correlation of 0.62 means AMD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMD and QQQ?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.49 over the last year and 0.65 over 5 years.
Is QQQ a good diversifier for AMD?
Only partially. A correlation of 0.62 means AMD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
A reading of 0.62 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
$ curl https://www.pairbook.io/api/v1/pairs/amd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMD correlations · QQQ correlations
