AMTX vs QQQ: Correlation
Measured on weekly returns over the past three years, Aemetis, Inc (AMTX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTX and QQQ?
Across a 3-year window, the weekly returns of AMTX and QQQ correlate at 0.18, weak. The link has loosened recently: the 1-year correlation (-0.14) runs below the 3-year figure (0.18). Stretching to 5 years gives 0.28, with an annualized covariance of 351.3 %².
QQQ is close to the least connected end of AMTX's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 53.8 percentage points (-27.5% for AMTX against +26.3% for QQQ). Risk is not evenly split, since AMTX carries 5.0 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.
AMTX vs QQQ: side by side
| AMTX (Aemetis, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -27.5% | +26.3% |
| 5-year return | -81.7% | +95.4% |
| Volatility (ann.) | 98.5% | 19.6% |
| Beta vs S&P 500 | 1.51 | 1.28 |
| Max drawdown (3Y) | -79.2% | -22.8% |
| Market cap | $0.1B | – |
| 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 | AMTX | QQQ |
|---|---|---|
| 2022 | -67.8% | -32.6% |
| 2023 | +32.3% | +54.9% |
| 2024 | -48.7% | +25.6% |
| 2025 | -48.3% | +20.8% |
| 2026 | +34.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTX and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AMTX and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with -0.14 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for AMTX?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/amtx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amtx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMTX correlations · QQQ correlations
