QQQ vs USAS: Correlation
How closely do Invesco QQQ Trust (QQQ) and Americas Gold and Silver Corporation (USAS) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and USAS?
Over the past 3 years, QQQ and USAS moved with a correlation of 0.26, which is weak. The link has tightened recently: the 1-year correlation (0.40) runs above the 3-year figure (0.26). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 413.8 %².
By 3-year correlation, USAS places #2048 of the 4755 assets tracked against QQQ. The last year tells two different stories: USAS led by 112.9 percentage points, +26.3% for QQQ against +139.2% for USAS. Risk is not evenly split, since USAS carries 4.2 times the volatility of the other side.
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.
QQQ vs USAS: side by side
| QQQ (Invesco QQQ Trust) | USAS (Americas Gold and Silver Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +139.2% |
| 5-year return | +95.4% | +122.9% |
| Volatility (ann.) | 19.6% | 82.6% |
| Beta vs S&P 500 | 1.28 | 1.41 |
| Max drawdown (3Y) | -22.8% | -63.5% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | USAS |
|---|---|---|
| 2022 | -32.6% | -29.6% |
| 2023 | +54.9% | -56.1% |
| 2024 | +25.6% | +52.0% |
| 2025 | +20.8% | +437.9% |
| 2026 | +17.7% | +12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and USAS good diversifiers for each other?
Reasonably. At 0.26, QQQ and USAS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and USAS?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.40 over the last year and 0.21 over 5 years.
Is USAS a good diversifier for QQQ?
Reasonably. At 0.26, QQQ and USAS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-usas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-usas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · USAS correlations
