AMH vs QQQ: Correlation
How closely do American Homes 4 Rent (AMH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMH and QQQ?
On 3 years of weekly data the AMH/QQQ correlation comes out at 0.19, weak. Lately the two have drifted apart, with the 1-year correlation at -0.07 versus 0.19 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 79.3 %².
Among the 12 assets we track against AMH, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 28.4 points (-2.1% versus +26.3%).
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.
AMH vs QQQ: side by side
| AMH (American Homes 4 Rent) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.1% | +26.3% |
| 5-year return | -8.5% | +95.4% |
| Volatility (ann.) | 21.1% | 19.6% |
| Beta vs S&P 500 | 0.43 | 1.28 |
| Max drawdown (3Y) | -29.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 3.69% | 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 | AMH | QQQ |
|---|---|---|
| 2022 | -29.5% | -32.6% |
| 2023 | +22.4% | +54.9% |
| 2024 | +7.0% | +25.6% |
| 2025 | -11.1% | +20.8% |
| 2026 | +6.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMH and QQQ good diversifiers for each other?
Yes. With a correlation of 0.19, AMH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMH and QQQ?
The AMH/QQQ correlation stands at 0.19 on a 3-year window (1 year: -0.07, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AMH?
Yes. With a correlation of 0.19, AMH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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/amh-vs-qqq.json
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[](https://www.pairbook.io/pair/amh-vs-qqq/)
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Related comparisons
Hubs: AMH correlations · QQQ correlations
