ADTN vs QQQ: Correlation
Measured on weekly returns over the past three years, ADTRAN Holdings, Inc. (ADTN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADTN and QQQ?
Over the past 3 years, ADTN and QQQ moved with a correlation of 0.34, which is moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 376.2 %².
Among the 12 assets we track against ADTN, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.9 points (-16.6% versus +26.3%). One caveat on sizing: ADTN is 2.9 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.
ADTN vs QQQ: side by side
| ADTN (ADTRAN Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.6% | +26.3% |
| 5-year return | -60.1% | +95.4% |
| Volatility (ann.) | 56.4% | 19.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -61.3% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| 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 | ADTN | QQQ |
|---|---|---|
| 2022 | -16.3% | -32.6% |
| 2023 | -59.9% | +54.9% |
| 2024 | +13.5% | +25.6% |
| 2025 | +4.3% | +20.8% |
| 2026 | -10.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADTN and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADTN and QQQ?
As of 2026-08-27, the correlation of weekly returns between ADTN and QQQ is 0.34 over 3 years, 0.30 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for ADTN?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ADTN correlations · QQQ correlations
