AVT vs QQQ: Correlation
Avnet, Inc. (AVT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVT and QQQ?
Over the past 3 years, AVT and QQQ moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.50, and the annualized covariance of weekly returns is 274.4 %².
By 3-year correlation, QQQ places #7 of the 16 assets tracked against AVT. Their recent paths diverged sharply: over the last 12 months AVT outperformed by 44.0 percentage points (+70.3% for AVT 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.
AVT vs QQQ: side by side
| AVT (Avnet, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +70.3% | +26.3% |
| 5-year return | +153.5% | +95.4% |
| Volatility (ann.) | 28.1% | 19.6% |
| Beta vs S&P 500 | 1.05 | 1.28 |
| Max drawdown (3Y) | -27.1% | -22.8% |
| Market cap | $7.5B | – |
| P/E (trailing) | 22.5 | – |
| Dividend yield | 1.55% | 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 | AVT | QQQ |
|---|---|---|
| 2022 | +3.4% | -32.6% |
| 2023 | +24.4% | +54.9% |
| 2024 | +6.4% | +25.6% |
| 2025 | -5.6% | +20.8% |
| 2026 | +92.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVT and QQQ good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AVT and QQQ?
The AVT/QQQ correlation stands at 0.50 on a 3-year window (1 year: 0.41, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AVT?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/avt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avt-vs-qqq/)
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Related comparisons
Hubs: AVT correlations · QQQ correlations
