AYA vs QQQ: Correlation
Measured on weekly returns over the past three years, Aya Gold & Silver Inc. (AYA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYA and QQQ?
Across a 3-year window, the weekly returns of AYA and QQQ correlate at 0.36, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.53 versus 0.36 over 3 years. Stretching to 5 years gives 0.27, with an annualized covariance of 522.2 %².
Among the 14 assets we track against AYA, QQQ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months AYA outperformed by 186.3 percentage points (+212.6% for AYA against +26.3% for QQQ). One caveat on sizing: AYA is 3.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AYA vs QQQ: side by side
| AYA (Aya Gold & Silver Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +212.6% | +26.3% |
| 5-year return | +267.0% | +95.4% |
| Volatility (ann.) | 73.7% | 19.6% |
| Beta vs S&P 500 | 1.95 | 1.28 |
| Max drawdown (3Y) | -56.1% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 36.2 | – |
| 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 | AYA | QQQ |
|---|---|---|
| 2022 | -11.0% | -32.6% |
| 2023 | +10.4% | +54.9% |
| 2024 | +2.0% | +25.6% |
| 2025 | +92.4% | +20.8% |
| 2026 | +103.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYA and QQQ good diversifiers for each other?
Reasonably. At 0.36, AYA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AYA and QQQ?
The AYA/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.53, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AYA?
Reasonably. At 0.36, AYA and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: AYA correlations · QQQ correlations
