ANET vs QQQM: Correlation
How closely do Arista Networks (ANET) and Invesco Nasdaq 100 ETF (QQQM) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANET and QQQM?
On 3 years of weekly data the ANET/QQQM correlation comes out at 0.66, strong. The past 12 months show a weaker link (0.45) than the 3-year average (0.66). The 5-year figure is 0.59, and annualized covariance runs at 631.7 %².
By 3-year correlation, QQQM places #6 of the 35 assets tracked against ANET. The last year tells two different stories: ANET led by 24.5 percentage points, +50.9% for ANET against +26.4% for QQQM. The relationship is regime-dependent: the rolling one-year correlation swung between 0.27 and 0.79 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: ANET runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ANET vs QQQM: side by side
| ANET (Arista Networks) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +50.9% | +26.4% |
| 5-year return | +764.7% | +96.1% |
| Volatility (ann.) | 49.3% | 19.5% |
| Beta vs S&P 500 | 2.20 | 1.28 |
| Max drawdown (3Y) | -50.4% | -22.7% |
| Market cap | $253.6B | – |
| P/E (trailing) | 64.0 | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | ANET | QQQM |
|---|---|---|
| 2022 | -15.6% | -32.5% |
| 2023 | +94.1% | +55.0% |
| 2024 | +87.7% | +25.7% |
| 2025 | +18.5% | +20.9% |
| 2026 | +53.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANET and QQQM good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ANET and QQQM?
The ANET/QQQM correlation stands at 0.66 on a 3-year window (1 year: 0.45, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is QQQM a good diversifier for ANET?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 mean?
A reading of 0.66 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/anet-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/anet-vs-qqqm/)
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Related comparisons
Hubs: ANET correlations · QQQM correlations
