AVY vs QQQ: Correlation
Avery Dennison (AVY) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVY and QQQ?
Over the past 3 years, AVY and QQQ moved with a correlation of 0.33, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.33 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 128.7 %².
By 3-year correlation, QQQ places #28 of the 38 assets tracked against AVY. The last year tells two different stories: QQQ led by 21.0 percentage points, +5.3% for AVY against +26.3% for QQQ. The rolling one-year correlation moved between 0.15 and 0.60 over the past three years, a moderate range.
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.
AVY vs QQQ: side by side
| AVY (Avery Dennison) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.3% | +26.3% |
| 5-year return | -14.0% | +95.4% |
| Volatility (ann.) | 20.2% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -30.6% | -22.8% |
| Market cap | $13.5B | – |
| P/E (trailing) | 20.0 | – |
| Dividend yield | 2.10% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Materials | 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 | AVY | QQQ |
|---|---|---|
| 2022 | -15.1% | -32.6% |
| 2023 | +13.7% | +54.9% |
| 2024 | -5.9% | +25.6% |
| 2025 | -0.7% | +20.8% |
| 2026 | -0.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVY and QQQ good diversifiers for each other?
Reasonably. At 0.33, AVY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AVY and QQQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.13 over the last year and 0.46 over 5 years.
Is QQQ a good diversifier for AVY?
Reasonably. At 0.33, AVY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/avy-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/avy-vs-qqq/)
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Related comparisons
Hubs: AVY correlations · QQQ correlations
