AMTB vs QQQ: Correlation
Amerant Bancorp Inc. (AMTB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTB and QQQ?
Over the past 3 years, AMTB and QQQ moved with a correlation of 0.28, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.13 versus 0.28 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 191.6 %².
Out of 11 assets tracked against AMTB, QQQ lands near the bottom at #8. The trailing year gives AMTB the advantage: +36.7% versus +26.3%, a 10.4-point spread. Note the risk asymmetry: AMTB runs 1.8 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.
AMTB vs QQQ: side by side
| AMTB (Amerant Bancorp Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.7% | +26.3% |
| 5-year return | +17.3% | +95.4% |
| Volatility (ann.) | 34.6% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -36.9% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 20.6 | – |
| Dividend yield | 1.26% | 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 | AMTB | QQQ |
|---|---|---|
| 2022 | -21.4% | -32.6% |
| 2023 | -6.8% | +54.9% |
| 2024 | -7.3% | +25.6% |
| 2025 | -11.3% | +20.8% |
| 2026 | +49.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTB and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMTB and QQQ?
As of 2026-08-27, the correlation of weekly returns between AMTB and QQQ is 0.28 over 3 years, -0.13 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for AMTB?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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: AMTB correlations · QQQ correlations
