AN vs QQQ: Correlation
How closely do AutoNation, Inc. (AN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AN and QQQ?
Across a 3-year window, the weekly returns of AN and QQQ correlate at 0.33, moderate. The past 12 months show a weaker link (0.07) than the 3-year average (0.33). Stretching to 5 years gives 0.32, with an annualized covariance of 185.5 %².
Among the 13 assets we track against AN, QQQ sits near the bottom by co-movement, at rank #9. The last year tells two different stories: QQQ led by 36.8 percentage points, -10.5% for AN against +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.
AN vs QQQ: side by side
| AN (AutoNation, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.5% | +26.3% |
| 5-year return | +79.8% | +95.4% |
| Volatility (ann.) | 28.5% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -21.4% | -22.8% |
| Market cap | $6.6B | – |
| P/E (trailing) | 9.1 | – |
| 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 | AN | QQQ |
|---|---|---|
| 2022 | -8.2% | -32.6% |
| 2023 | +40.0% | +54.9% |
| 2024 | +13.1% | +25.6% |
| 2025 | +21.6% | +20.8% |
| 2026 | -3.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AN and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AN and QQQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.07 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for AN?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AN correlations · QQQ correlations
