AVA vs QQQ: Correlation
How closely do Avista Corporation (AVA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.13, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVA and QQQ?
On 3 years of weekly data the AVA/QQQ correlation comes out at -0.13, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. The 5-year figure is 0.06, and annualized covariance runs at -49.0 %².
Within AVA's tracked universe of 20 assets, QQQ comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.4 percentage points (+6.9% for AVA against +26.3% for QQQ).
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.
AVA vs QQQ: side by side
| AVA (Avista Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.9% | +26.3% |
| 5-year return | +15.3% | +95.4% |
| Volatility (ann.) | 19.8% | 19.6% |
| Beta vs S&P 500 | 0.05 | 1.28 |
| Max drawdown (3Y) | -14.0% | -22.8% |
| Market cap | $3.2B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 5.15% | 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 | AVA | QQQ |
|---|---|---|
| 2022 | +8.8% | -32.6% |
| 2023 | -15.3% | +54.9% |
| 2024 | +7.8% | +25.6% |
| 2025 | +10.7% | +20.8% |
| 2026 | +1.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVA and QQQ good diversifiers for each other?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVA and QQQ?
The AVA/QQQ correlation stands at -0.13 on a 3-year window (1 year: -0.23, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AVA?
Yes: at -0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.13 mean?
A reading of -0.13 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
$ curl https://www.pairbook.io/api/v1/pairs/ava-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AVA correlations · QQQ correlations
