AVNW vs QQQ: Correlation
Measured on weekly returns over the past three years, Aviat Networks, Inc. (AVNW) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVNW and QQQ?
On 3 years of weekly data the AVNW/QQQ correlation comes out at 0.15, weak. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 152.4 %².
QQQ is close to the least connected end of AVNW's tracked universe, ranking #9 of 13. Correlation aside, the last 12 months split them widely, with QQQ ahead by 32.9 points (-6.6% versus +26.3%). Risk is not evenly split, since AVNW carries 2.6 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.
AVNW vs QQQ: side by side
| AVNW (Aviat Networks, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.6% | +26.3% |
| 5-year return | -39.7% | +95.4% |
| Volatility (ann.) | 50.7% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -64.3% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 31.1 | – |
| 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 | AVNW | QQQ |
|---|---|---|
| 2022 | -2.8% | -32.6% |
| 2023 | +4.7% | +54.9% |
| 2024 | -44.5% | +25.6% |
| 2025 | +18.1% | +20.8% |
| 2026 | +0.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVNW and QQQ good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AVNW and QQQ?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with 0.05 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for AVNW?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
A reading of 0.15 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/avnw-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avnw-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVNW correlations · QQQ correlations
