AMZE vs QQQ: Correlation
Amaze Holdings, Inc. (AMZE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMZE and QQQ?
Over the past 3 years, AMZE and QQQ moved with a correlation of 0.20, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.33 versus 0.20 over 3 years. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 533.1 %².
Among the 13 assets we track against AMZE, QQQ ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 125.6 points (-99.3% versus +26.3%). One caveat on sizing: AMZE is 7.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AMZE vs QQQ: side by side
| AMZE (Amaze Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.3% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 139.4% | 19.6% |
| Beta vs S&P 500 | 1.68 | 1.28 |
| Max drawdown (3Y) | -99.9% | -22.8% |
| Market cap | – | – |
| 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 | AMZE | QQQ |
|---|---|---|
| 2022 | -80.8% | -32.6% |
| 2023 | -7.0% | +54.9% |
| 2024 | -36.0% | +25.6% |
| 2025 | -97.2% | +20.8% |
| 2026 | -94.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMZE and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AMZE and QQQ?
As of 2026-08-27, the correlation of weekly returns between AMZE and QQQ is 0.20 over 3 years, 0.33 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for AMZE?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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.
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Related comparisons
Hubs: AMZE correlations · QQQ correlations
