APH vs QQQM: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and Invesco Nasdaq 100 ETF (QQQM) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and QQQM?
Over the past 3 years, APH and QQQM moved with a correlation of 0.67, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.67 over 3 years. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 441.1 %².
Within APH's tracked universe of 38 assets, QQQM comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with APH ahead by 21.1 points (+47.5% versus +26.4%). On a rolling one-year basis the correlation drifted between 0.42 and 0.82, a moderate band. 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 QQQM: side by side
| APH (Amphenol) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +47.5% | +26.4% |
| 5-year return | +338.9% | +96.1% |
| Volatility (ann.) | 33.6% | 19.5% |
| Beta vs S&P 500 | 1.57 | 1.28 |
| Max drawdown (3Y) | -28.2% | -22.7% |
| Market cap | $199.0B | – |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.57% | 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 | APH | QQQM |
|---|---|---|
| 2022 | -12.0% | -32.5% |
| 2023 | +31.5% | +55.0% |
| 2024 | +41.3% | +25.7% |
| 2025 | +96.1% | +20.9% |
| 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 QQQM good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APH and QQQM?
The APH/QQQM correlation stands at 0.67 on a 3-year window (1 year: 0.47, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is QQQM a good diversifier for APH?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 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: APH correlations · QQQM correlations
