AMUB vs QQQ: Correlation
How closely do ETRACS Alerian MLP Index ETN Series B due July 18, 2042 (AMUB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMUB and QQQ?
Across a 3-year window, the weekly returns of AMUB and QQQ correlate at 0.13, weak. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (0.13). Stretching to 5 years gives 0.23, with an annualized covariance of 42.3 %².
Among the 20 assets we track against AMUB, QQQ sits near the bottom by co-movement, at rank #17. Twelve-month performance is nearly a tie, at +30.9% for AMUB and +26.3% for QQQ.
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.
AMUB vs QQQ: side by side
| AMUB (ETRACS Alerian MLP Index ETN Series B due July 18, 2042) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +30.9% | +26.3% |
| 5-year return | +191.0% | +95.4% |
| Volatility (ann.) | 16.5% | 19.6% |
| Beta vs S&P 500 | 0.31 | 1.28 |
| Max drawdown (3Y) | -17.0% | -22.8% |
| Dividend yield | – | 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 | AMUB | QQQ |
|---|---|---|
| 2022 | +29.9% | -32.6% |
| 2023 | +25.4% | +54.9% |
| 2024 | +23.0% | +25.6% |
| 2025 | +8.7% | +20.8% |
| 2026 | +29.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMUB and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between AMUB and QQQ?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with -0.35 over the last year and 0.23 over 5 years.
Is QQQ a good diversifier for AMUB?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
A reading of 0.13 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/amub-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/amub-vs-qqq/)
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Related comparisons
Hubs: AMUB correlations · QQQ correlations
