AMP vs QQQ: Correlation
Ameriprise Financial (AMP) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and QQQ?
Over the past 3 years, AMP and QQQ moved with a correlation of 0.49, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.49). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 241.5 %².
Within AMP's tracked universe of 34 assets, QQQ comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 17.6 points (+8.7% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.12 and 0.76 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.
AMP vs QQQ: side by side
| AMP (Ameriprise Financial) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.7% | +26.3% |
| 5-year return | +119.2% | +95.4% |
| Volatility (ann.) | 25.0% | 19.6% |
| Beta vs S&P 500 | 1.09 | 1.28 |
| Max drawdown (3Y) | -26.4% | -22.8% |
| Market cap | $49.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 1.16% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | AMP | QQQ |
|---|---|---|
| 2022 | +5.0% | -32.6% |
| 2023 | +24.0% | +54.9% |
| 2024 | +42.1% | +25.6% |
| 2025 | -6.7% | +20.8% |
| 2026 | +14.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AMP and QQQ?
Using weekly returns as of 2026-08-27: 0.49 over 3 years, with 0.15 over the last year and 0.57 over 5 years.
Is QQQ a good diversifier for AMP?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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/amp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMP correlations · QQQ correlations
