AYI vs QQQ: Correlation
Measured on weekly returns over the past three years, Acuity Inc. (AYI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AYI and QQQ?
Across a 3-year window, the weekly returns of AYI and QQQ correlate at 0.48, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.48). Stretching to 5 years gives 0.50, with an annualized covariance of 283.8 %².
Among the 12 assets we track against AYI, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: QQQ led by 23.7 percentage points, +2.6% for AYI against +26.3% for QQQ. One caveat on sizing: AYI is 1.5 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.
AYI vs QQQ: side by side
| AYI (Acuity Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.6% | +26.3% |
| 5-year return | +86.6% | +95.4% |
| Volatility (ann.) | 30.1% | 19.6% |
| Beta vs S&P 500 | 1.13 | 1.28 |
| Max drawdown (3Y) | -33.7% | -22.8% |
| Market cap | $10.2B | – |
| P/E (trailing) | 22.7 | – |
| Dividend yield | 0.22% | 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 | AYI | QQQ |
|---|---|---|
| 2022 | -21.5% | -32.6% |
| 2023 | +24.1% | +54.9% |
| 2024 | +42.9% | +25.6% |
| 2025 | +23.5% | +20.8% |
| 2026 | -4.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AYI and QQQ good diversifiers for each other?
Reasonably. At 0.48, AYI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AYI and QQQ?
The AYI/QQQ correlation stands at 0.48 on a 3-year window (1 year: 0.19, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for AYI?
Reasonably. At 0.48, AYI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ayi-vs-qqq/)
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Related comparisons
Hubs: AYI correlations · QQQ correlations
