ALCO vs QQQ: Correlation
Measured on weekly returns over the past three years, Alico, Inc. (ALCO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALCO and QQQ?
On 3 years of weekly data the ALCO/QQQ correlation comes out at 0.12, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. The 5-year figure is 0.15, and annualized covariance runs at 59.2 %².
Out of 11 assets tracked against ALCO, QQQ lands near the bottom at #8. On 12-month performance QQQ holds a 8.6-point edge, +17.7% against +26.3%.
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.
ALCO vs QQQ: side by side
| ALCO (Alico, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.7% | +26.3% |
| 5-year return | +16.5% | +95.4% |
| Volatility (ann.) | 26.2% | 19.6% |
| Beta vs S&P 500 | 0.35 | 1.28 |
| Max drawdown (3Y) | -19.6% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 199.1 | – |
| Dividend yield | 0.49% | 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 | ALCO | QQQ |
|---|---|---|
| 2022 | -32.6% | -32.6% |
| 2023 | +22.8% | +54.9% |
| 2024 | -10.2% | +25.6% |
| 2025 | +41.0% | +20.8% |
| 2026 | +9.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALCO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, ALCO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALCO and QQQ?
The ALCO/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.17, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ALCO?
Yes. With a correlation of 0.12, ALCO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alco-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alco-vs-qqq/)
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Related comparisons
Hubs: ALCO correlations · QQQ correlations
