AUDC vs QQQ: Correlation
How closely do AudioCodes Ltd. (AUDC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.36, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUDC and QQQ?
Over the past 3 years, AUDC and QQQ moved with a correlation of 0.36, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.36 over 3 years. Over 5 years the correlation is 0.39, and the annualized covariance of weekly returns is 324.9 %².
Out of 12 assets tracked against AUDC, QQQ lands near the bottom at #9. The trailing year gives QQQ the advantage: +13.9% versus +26.3%, a 12.4-point spread. Risk is not evenly split, since AUDC carries 2.3 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.
AUDC vs QQQ: side by side
| AUDC (AudioCodes Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.9% | +26.3% |
| 5-year return | -62.9% | +95.4% |
| Volatility (ann.) | 45.8% | 19.6% |
| Beta vs S&P 500 | 1.24 | 1.28 |
| Max drawdown (3Y) | -46.4% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 40.9 | – |
| Dividend yield | 3.98% | 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 | AUDC | QQQ |
|---|---|---|
| 2022 | -47.8% | -32.6% |
| 2023 | -30.7% | +54.9% |
| 2024 | -16.8% | +25.6% |
| 2025 | -7.1% | +20.8% |
| 2026 | +22.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUDC and QQQ good diversifiers for each other?
Reasonably. At 0.36, AUDC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AUDC and QQQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.13 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for AUDC?
Reasonably. At 0.36, AUDC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: AUDC correlations · QQQ correlations
