ARW vs QQQ: Correlation
How closely do Arrow Electronics, Inc. (ARW) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARW and QQQ?
Over the past 3 years, ARW and QQQ moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.22) runs below the 3-year figure (0.40). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 235.1 %².
QQQ is close to the least connected end of ARW's tracked universe, ranking #9 of 13. Their recent paths diverged sharply: over the last 12 months ARW outperformed by 37.2 percentage points (+63.5% for ARW against +26.3% for QQQ). Risk is not evenly split, since ARW carries 1.6 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.
ARW vs QQQ: side by side
| ARW (Arrow Electronics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.5% | +26.3% |
| 5-year return | +70.1% | +95.4% |
| Volatility (ann.) | 30.4% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -34.1% | -22.8% |
| Market cap | $10.6B | – |
| P/E (trailing) | 13.2 | – |
| 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 | ARW | QQQ |
|---|---|---|
| 2022 | -22.1% | -32.6% |
| 2023 | +16.9% | +54.9% |
| 2024 | -7.5% | +25.6% |
| 2025 | -2.6% | +20.8% |
| 2026 | +89.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARW and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARW and QQQ?
As of 2026-08-27, the correlation of weekly returns between ARW and QQQ is 0.40 over 3 years, 0.22 over 1 year and 0.46 over 5 years.
Is QQQ a good diversifier for ARW?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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: ARW correlations · QQQ correlations
