AROC vs QQQ: Correlation
Archrock, Inc. (AROC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AROC and QQQ?
Across a 3-year window, the weekly returns of AROC and QQQ correlate at 0.26, weak. The past 12 months show a weaker link (-0.14) than the 3-year average (0.26). Stretching to 5 years gives 0.21, with an annualized covariance of 183.5 %².
Out of 17 assets tracked against AROC, QQQ lands near the bottom at #14. Over the last 12 months AROC came out ahead by 8.1 percentage points (+34.4% against +26.3%). One caveat on sizing: AROC is 1.9 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.
AROC vs QQQ: side by side
| AROC (Archrock, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.4% | +26.3% |
| 5-year return | +420.1% | +95.4% |
| Volatility (ann.) | 36.3% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -30.3% | -22.8% |
| Market cap | $5.6B | – |
| P/E (trailing) | 17.0 | – |
| Dividend yield | 2.78% | 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 | AROC | QQQ |
|---|---|---|
| 2022 | +28.8% | -32.6% |
| 2023 | +81.0% | +54.9% |
| 2024 | +67.6% | +25.6% |
| 2025 | +8.0% | +20.8% |
| 2026 | +25.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AROC and QQQ good diversifiers for each other?
Reasonably. At 0.26, AROC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AROC and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with -0.14 over the last year and 0.21 over 5 years.
Is QQQ a good diversifier for AROC?
Reasonably. At 0.26, AROC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 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
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Related comparisons
Hubs: AROC correlations · QQQ correlations
