ASTC vs QQQ: Correlation
Astrotech Corporation (ASTC) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTC and QQQ?
Over the past 3 years, ASTC and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.15) sits close to the 3-year figure. Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 1990.9 %².
By 3-year correlation, QQQ places #22 of the 47 assets tracked against ASTC. Over the last 12 months ASTC came out ahead by 11.2 percentage points (+37.5% against +26.3%). Note the risk asymmetry: ASTC runs 61.6 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.
ASTC vs QQQ: side by side
| ASTC (Astrotech Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +37.5% | +26.3% |
| 5-year return | -78.4% | +95.4% |
| Volatility (ann.) | 1206.9% | 19.6% |
| Beta vs S&P 500 | 4.81 | 1.28 |
| Max drawdown (3Y) | -87.5% | -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 | ASTC | QQQ |
|---|---|---|
| 2022 | -51.0% | -32.6% |
| 2023 | -15.0% | +54.9% |
| 2024 | -20.8% | +25.6% |
| 2025 | -48.5% | +20.8% |
| 2026 | +105.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between ASTC and QQQ?
As of 2026-08-27, the correlation of weekly returns between ASTC and QQQ is 0.08 over 3 years, 0.15 over 1 year and 0.07 over 5 years.
Is QQQ a good diversifier for ASTC?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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.
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Related comparisons
Hubs: ASTC correlations · QQQ correlations
