ASR vs QQQ: Correlation
Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASR and QQQ?
Across a 3-year window, the weekly returns of ASR and QQQ correlate at 0.29, weak. The past 12 months show a weaker link (0.06) than the 3-year average (0.29). Stretching to 5 years gives 0.34, with an annualized covariance of 184.1 %².
QQQ is close to the least connected end of ASR's tracked universe, ranking #10 of 13. The last year tells two different stories: QQQ led by 45.7 percentage points, -19.4% for ASR against +26.3% for QQQ. Risk is not evenly split, since ASR 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.
ASR vs QQQ: side by side
| ASR (Grupo Aeroportuario del Sureste, S.A. de C.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.4% | +26.3% |
| 5-year return | +83.2% | +95.4% |
| Volatility (ann.) | 32.3% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -31.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 3.81% | 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 | ASR | QQQ |
|---|---|---|
| 2022 | +17.0% | -32.6% |
| 2023 | +32.1% | +54.9% |
| 2024 | -9.2% | +25.6% |
| 2025 | +35.6% | +20.8% |
| 2026 | -18.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASR and QQQ?
The ASR/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.06, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ASR?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/asr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/asr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASR correlations · QQQ correlations
