AVNT vs QQQ: Correlation
Measured on weekly returns over the past three years, Avient Corporation (AVNT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNT and QQQ?
On 3 years of weekly data the AVNT/QQQ correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.31) runs below the 3-year figure (0.43). The 5-year figure is 0.52, and annualized covariance runs at 308.1 %².
Out of 35 assets tracked against AVNT, QQQ lands near the bottom at #32. Their 12-month results are close: +21.7% for AVNT against +26.3% for QQQ. Risk is not evenly split, since AVNT carries 1.9 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.
AVNT vs QQQ: side by side
| AVNT (Avient Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.7% | +26.3% |
| 5-year return | -3.6% | +95.4% |
| Volatility (ann.) | 36.9% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -46.9% | -22.8% |
| Market cap | $4.1B | – |
| P/E (trailing) | 23.9 | – |
| Dividend yield | 2.45% | 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 | AVNT | QQQ |
|---|---|---|
| 2022 | -38.2% | -32.6% |
| 2023 | +26.4% | +54.9% |
| 2024 | +0.6% | +25.6% |
| 2025 | -21.2% | +20.8% |
| 2026 | +43.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNT and QQQ good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AVNT and QQQ?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.31 over the last year and 0.52 over 5 years.
Is QQQ a good diversifier for AVNT?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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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Hubs: AVNT correlations · QQQ correlations
