AMPY vs QQQ: Correlation
How closely do Amplify Energy Corp. (AMPY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMPY and QQQ?
Across a 3-year window, the weekly returns of AMPY and QQQ correlate at 0.02, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.14 versus 0.02 over 3 years. Stretching to 5 years gives 0.03, with an annualized covariance of 23.1 %².
Within AMPY's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. The trailing year gives QQQ the advantage: +15.7% versus +26.3%, a 10.6-point spread. Risk is not evenly split, since AMPY carries 2.9 times the volatility of the other side.
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.
AMPY vs QQQ: side by side
| AMPY (Amplify Energy Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.7% | +26.3% |
| 5-year return | +30.1% | +95.4% |
| Volatility (ann.) | 56.4% | 19.6% |
| Beta vs S&P 500 | 0.28 | 1.28 |
| Max drawdown (3Y) | -71.1% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 9.1 | – |
| 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 | AMPY | QQQ |
|---|---|---|
| 2022 | +182.6% | -32.6% |
| 2023 | -32.5% | +54.9% |
| 2024 | +1.2% | +25.6% |
| 2025 | -23.8% | +20.8% |
| 2026 | +3.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMPY and QQQ good diversifiers for each other?
Yes. With a correlation of 0.02, AMPY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AMPY and QQQ?
As of 2026-08-27, the correlation of weekly returns between AMPY and QQQ is 0.02 over 3 years, -0.14 over 1 year and 0.03 over 5 years.
Is QQQ a good diversifier for AMPY?
Yes. With a correlation of 0.02, AMPY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 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
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[](https://www.pairbook.io/pair/ampy-vs-qqq/)
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Related comparisons
Hubs: AMPY correlations · QQQ correlations
