AOS vs QQQ: Correlation
A. O. Smith (AOS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOS and QQQ?
Over the past 3 years, AOS and QQQ moved with a correlation of 0.32, which is moderate. The past 12 months show a weaker link (0.01) than the 3-year average (0.32). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 148.3 %².
Within AOS's tracked universe of 33 assets, QQQ comes in at #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 38.9 points (-12.6% versus +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.03 to 0.56.
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.
AOS vs QQQ: side by side
| AOS (A. O. Smith) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.6% | +26.3% |
| 5-year return | -6.7% | +95.4% |
| Volatility (ann.) | 23.5% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -36.9% | -22.8% |
| Market cap | $8.4B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 2.27% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | AOS | QQQ |
|---|---|---|
| 2022 | -32.1% | -32.6% |
| 2023 | +46.7% | +54.9% |
| 2024 | -15.9% | +25.6% |
| 2025 | +0.1% | +20.8% |
| 2026 | -5.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOS and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AOS and QQQ?
As of 2026-08-27, the correlation of weekly returns between AOS and QQQ is 0.32 over 3 years, 0.01 over 1 year and 0.46 over 5 years.
Is QQQ a good diversifier for AOS?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aos-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aos-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AOS correlations · QQQ correlations
