CAMT vs QQQ: Correlation
How closely do Camtek Ltd. (CAMT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAMT and QQQ?
Over the past 3 years, CAMT and QQQ moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 621.7 %².
Among the 10 assets we track against CAMT, QQQ sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months CAMT outperformed by 40.3 percentage points (+66.6% for CAMT against +26.3% for QQQ). Note the risk asymmetry: CAMT runs 2.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CAMT vs QQQ: side by side
| CAMT (Camtek Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +66.6% | +26.3% |
| 5-year return | +253.0% | +95.4% |
| Volatility (ann.) | 57.7% | 19.6% |
| Beta vs S&P 500 | 1.95 | 1.28 |
| Max drawdown (3Y) | -63.2% | -22.8% |
| Market cap | $6.8B | – |
| P/E (trailing) | 193.1 | – |
| 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 | CAMT | QQQ |
|---|---|---|
| 2022 | -52.3% | -32.6% |
| 2023 | +215.9% | +54.9% |
| 2024 | +18.3% | +25.6% |
| 2025 | +31.7% | +20.8% |
| 2026 | +36.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAMT and QQQ good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CAMT and QQQ?
As of 2026-08-27, the correlation of weekly returns between CAMT and QQQ is 0.55 over 3 years, 0.47 over 1 year and 0.57 over 5 years.
Is QQQ a good diversifier for CAMT?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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: CAMT correlations · QQQ correlations
