ARTW vs QQQ: Correlation
How closely do Art's-Way Manufacturing Co., Inc. (ARTW) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARTW and QQQ?
Across a 3-year window, the weekly returns of ARTW and QQQ correlate at 0.18, weak. The past 12 months show a tighter link (0.28) than the 3-year average (0.18). Stretching to 5 years gives 0.09, with an annualized covariance of 240.2 %².
Out of 11 assets tracked against ARTW, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 29.3 percentage points, -3.0% for ARTW against +26.3% for QQQ. Note the risk asymmetry: ARTW runs 3.5 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.
ARTW vs QQQ: side by side
| ARTW (Art's-Way Manufacturing Co., Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.0% | +26.3% |
| 5-year return | -16.9% | +95.4% |
| Volatility (ann.) | 68.2% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -60.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | ARTW | QQQ |
|---|---|---|
| 2022 | -45.5% | -32.6% |
| 2023 | +7.3% | +54.9% |
| 2024 | +4.8% | +25.6% |
| 2025 | +8.3% | +20.8% |
| 2026 | +23.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARTW and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, ARTW and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ARTW and QQQ?
As of 2026-08-27, the correlation of weekly returns between ARTW and QQQ is 0.18 over 3 years, 0.28 over 1 year and 0.09 over 5 years.
Is QQQ a good diversifier for ARTW?
Yes. With a correlation of 0.18, ARTW and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 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/artw-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/artw-vs-qqq/)
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Related comparisons
Hubs: ARTW correlations · QQQ correlations
