AMR vs QQQ: Correlation
Alpha Metallurgical Resources, Inc. (AMR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMR and QQQ?
Over the past 3 years, AMR and QQQ moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.04) than the 3-year average (0.29). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 319.5 %².
Out of 12 assets tracked against AMR, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months AMR outperformed by 29.8 percentage points (+56.1% for AMR against +26.3% for QQQ). Note the risk asymmetry: AMR 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.
AMR vs QQQ: side by side
| AMR (Alpha Metallurgical Resources, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +56.1% | +26.3% |
| 5-year return | +514.2% | +95.4% |
| Volatility (ann.) | 56.0% | 19.6% |
| Beta vs S&P 500 | 1.13 | 1.28 |
| Max drawdown (3Y) | -77.5% | -22.8% |
| Market cap | $2.9B | – |
| 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 | AMR | QQQ |
|---|---|---|
| 2022 | +150.1% | -32.6% |
| 2023 | +133.9% | +54.9% |
| 2024 | -41.0% | +25.6% |
| 2025 | -0.1% | +20.8% |
| 2026 | +13.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMR and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMR and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.04 over the last year and 0.15 over 5 years.
Is QQQ a good diversifier for AMR?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
A reading of 0.29 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/amr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMR correlations · QQQ correlations
