ASTI vs QQQ: Correlation
How closely do Ascent Solar Technologies, Inc (ASTI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASTI and QQQ?
On 3 years of weekly data the ASTI/QQQ correlation comes out at 0.25, weak. Recent behaviour matches the longer record: 0.34 over 1 year against 0.25 over 3. The 5-year figure is 0.28, and annualized covariance runs at 690.3 %².
Among the 10 assets we track against ASTI, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months ASTI outperformed by 21.8 percentage points (+48.1% for ASTI against +26.3% for QQQ). Risk is not evenly split, since ASTI carries 7.2 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.
ASTI vs QQQ: side by side
| ASTI (Ascent Solar Technologies, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +48.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 141.9% | 19.6% |
| Beta vs S&P 500 | 2.60 | 1.28 |
| Max drawdown (3Y) | -99.9% | -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 | ASTI | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -99.7% | +54.9% |
| 2024 | -96.2% | +25.6% |
| 2025 | +25.7% | +20.8% |
| 2026 | -24.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASTI and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASTI and QQQ?
As of 2026-08-27, the correlation of weekly returns between ASTI and QQQ is 0.25 over 3 years, 0.34 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for ASTI?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 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: ASTI correlations · QQQ correlations
