ASUR vs QQQ: Correlation
Measured on weekly returns over the past three years, Asure Software Inc (ASUR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASUR and QQQ?
Across a 3-year window, the weekly returns of ASUR and QQQ correlate at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 284.7 %².
Out of 10 assets tracked against ASUR, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.3 points (+7.0% versus +26.3%). One caveat on sizing: ASUR is 2.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ASUR vs QQQ: side by side
| ASUR (Asure Software Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.0% | +26.3% |
| 5-year return | +0.4% | +95.4% |
| Volatility (ann.) | 47.0% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -45.8% | -22.8% |
| Market cap | $0.3B | – |
| 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 | ASUR | QQQ |
|---|---|---|
| 2022 | +19.3% | -32.6% |
| 2023 | +1.9% | +54.9% |
| 2024 | -1.2% | +25.6% |
| 2025 | +0.1% | +20.8% |
| 2026 | -4.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASUR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASUR and QQQ?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.34 over the last year and 0.24 over 5 years.
Is QQQ a good diversifier for ASUR?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 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: ASUR correlations · QQQ correlations
