AMKR vs QQQ: Correlation
Measured on weekly returns over the past three years, Amkor Technology, Inc. (AMKR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.61, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMKR and QQQ?
On 3 years of weekly data the AMKR/QQQ correlation comes out at 0.61, strong. Recent behaviour matches the longer record: 0.55 over 1 year against 0.61 over 3. The 5-year figure is 0.62, and annualized covariance runs at 687.2 %².
Within AMKR's tracked universe of 17 assets, QQQ comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AMKR outperformed by 86.0 percentage points (+112.3% for AMKR against +26.3% for QQQ). Note the risk asymmetry: AMKR runs 2.9 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.
AMKR vs QQQ: side by side
| AMKR (Amkor Technology, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +112.3% | +26.3% |
| 5-year return | +98.2% | +95.4% |
| Volatility (ann.) | 57.4% | 19.6% |
| Beta vs S&P 500 | 2.24 | 1.28 |
| Max drawdown (3Y) | -65.9% | -22.8% |
| Market cap | $12.9B | – |
| P/E (trailing) | 21.6 | – |
| Dividend yield | 0.69% | 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 | AMKR | QQQ |
|---|---|---|
| 2022 | -2.3% | -32.6% |
| 2023 | +40.3% | +54.9% |
| 2024 | -20.8% | +25.6% |
| 2025 | +55.9% | +20.8% |
| 2026 | +31.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMKR and QQQ good diversifiers for each other?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMKR and QQQ?
The AMKR/QQQ correlation stands at 0.61 on a 3-year window (1 year: 0.55, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AMKR?
To a limited degree. At 0.61 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.61 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/amkr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amkr-vs-qqq/)
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Related comparisons
Hubs: AMKR correlations · QQQ correlations
