ASYS vs QQQ: Correlation
Amtech Systems, Inc. (ASYS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASYS and QQQ?
Across a 3-year window, the weekly returns of ASYS and QQQ correlate at 0.21, weak. The link has tightened recently: the 1-year correlation (0.44) runs above the 3-year figure (0.21). Stretching to 5 years gives 0.29, with an annualized covariance of 292.2 %².
Among the 10 assets we track against ASYS, QQQ sits near the bottom by co-movement, at rank #6. The last year tells two different stories: ASYS led by 138.9 percentage points, +165.2% for ASYS against +26.3% for QQQ. Risk is not evenly split, since ASYS carries 3.7 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.
ASYS vs QQQ: side by side
| ASYS (Amtech Systems, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +165.2% | +26.3% |
| 5-year return | +54.0% | +95.4% |
| Volatility (ann.) | 71.9% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -61.3% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 56.5 | – |
| 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 | ASYS | QQQ |
|---|---|---|
| 2022 | -23.1% | -32.6% |
| 2023 | -44.7% | +54.9% |
| 2024 | +29.8% | +25.6% |
| 2025 | +130.3% | +20.8% |
| 2026 | +26.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASYS and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ASYS and QQQ?
As of 2026-08-27, the correlation of weekly returns between ASYS and QQQ is 0.21 over 3 years, 0.44 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for ASYS?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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
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Related comparisons
Hubs: ASYS correlations · QQQ correlations
