ANDE vs QQQ: Correlation
The Andersons, Inc. (ANDE) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANDE and QQQ?
Across a 3-year window, the weekly returns of ANDE and QQQ correlate at 0.02, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.34 versus 0.02 over 3 years. Stretching to 5 years gives 0.13, with an annualized covariance of 14.8 %².
Among the 14 assets we track against ANDE, QQQ sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months ANDE outperformed by 32.6 percentage points (+58.9% for ANDE against +26.3% for QQQ). One caveat on sizing: ANDE is 1.7 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.
ANDE vs QQQ: side by side
| ANDE (The Andersons, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +58.9% | +26.3% |
| 5-year return | +128.7% | +95.4% |
| Volatility (ann.) | 33.1% | 19.6% |
| Beta vs S&P 500 | 0.26 | 1.28 |
| Max drawdown (3Y) | -46.9% | -22.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 1.21% | 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 | ANDE | QQQ |
|---|---|---|
| 2022 | -7.8% | -32.6% |
| 2023 | +67.0% | +54.9% |
| 2024 | -28.8% | +25.6% |
| 2025 | +33.8% | +20.8% |
| 2026 | +21.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANDE and QQQ good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ANDE and QQQ?
The ANDE/QQQ correlation stands at 0.02 on a 3-year window (1 year: -0.34, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ANDE?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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/ande-vs-qqq.json
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Related comparisons
Hubs: ANDE correlations · QQQ correlations
