APH vs QQQ: Correlation
Amphenol (APH) and Invesco QQQ Trust (QQQ) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and QQQ?
On 3 years of weekly data the APH/QQQ correlation comes out at 0.67, strong. The past 12 months show a weaker link (0.47) than the 3-year average (0.67). The 5-year figure is 0.68, and annualized covariance runs at 443.0 %².
Among the 38 assets we track against APH, QQQ ranks #12 by 3-year correlation. The last year tells two different stories: APH led by 21.2 percentage points, +47.5% for APH against +26.3% for QQQ. The rolling one-year correlation moved between 0.42 and 0.82 over the past three years, a moderate range. Risk is not evenly split, since APH carries 1.7 times the volatility of the other side.
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.
APH vs QQQ: side by side
| APH (Amphenol) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +47.5% | +26.3% |
| 5-year return | +338.9% | +95.4% |
| Volatility (ann.) | 33.6% | 19.6% |
| Beta vs S&P 500 | 1.57 | 1.28 |
| Max drawdown (3Y) | -28.2% | -22.8% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.57% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | APH | QQQ |
|---|---|---|
| 2022 | -12.0% | -32.6% |
| 2023 | +31.5% | +54.9% |
| 2024 | +41.3% | +25.6% |
| 2025 | +96.1% | +20.8% |
| 2026 | +19.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and QQQ good diversifiers for each other?
To a limited degree. At 0.67 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 APH and QQQ?
As of 2026-08-27, the correlation of weekly returns between APH and QQQ is 0.67 over 3 years, 0.47 over 1 year and 0.68 over 5 years.
Is QQQ a good diversifier for APH?
To a limited degree. At 0.67 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 0.67 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.
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Related comparisons
Hubs: APH correlations · QQQ correlations
