AMPL vs QQQ: Correlation
How closely do Amplitude, Inc. (AMPL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPL and QQQ?
On 3 years of weekly data the AMPL/QQQ correlation comes out at 0.35, moderate. Little has changed lately, as the 1-year reading of 0.25 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 385.8 %².
By 3-year correlation, QQQ places #24 of the 29 assets tracked against AMPL. Their 12-month results are close: +24.7% for AMPL against +26.3% for QQQ. One caveat on sizing: AMPL is 2.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AMPL vs QQQ: side by side
| AMPL (Amplitude, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.7% | +26.3% |
| 5-year return | -73.9% | +95.4% |
| Volatility (ann.) | 56.0% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -61.1% | -22.8% |
| Market cap | $1.9B | – |
| 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 | AMPL | QQQ |
|---|---|---|
| 2022 | -77.2% | -32.6% |
| 2023 | +5.3% | +54.9% |
| 2024 | -17.1% | +25.6% |
| 2025 | +9.8% | +20.8% |
| 2026 | +23.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPL and QQQ good diversifiers for each other?
Reasonably. At 0.35, AMPL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AMPL and QQQ?
The AMPL/QQQ correlation stands at 0.35 on a 3-year window (1 year: 0.25, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AMPL?
Reasonably. At 0.35, AMPL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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
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Related comparisons
Hubs: AMPL correlations · QQQ correlations
