ALIT vs QQQ: Correlation
Alight, Inc. (ALIT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALIT and QQQ?
Across a 3-year window, the weekly returns of ALIT and QQQ correlate at 0.27, weak. Recent behaviour matches the longer record: 0.31 over 1 year against 0.27 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 351.6 %².
QQQ is close to the least connected end of ALIT's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 107.6 percentage points (-81.3% for ALIT against +26.3% for QQQ). Note the risk asymmetry: ALIT runs 3.4 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.
ALIT vs QQQ: side by side
| ALIT (Alight, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -81.3% | +26.3% |
| 5-year return | -93.1% | +95.4% |
| Volatility (ann.) | 66.0% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -95.0% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 11.17% | 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 | ALIT | QQQ |
|---|---|---|
| 2022 | -22.7% | -32.6% |
| 2023 | +2.0% | +54.9% |
| 2024 | -18.5% | +25.6% |
| 2025 | -70.6% | +20.8% |
| 2026 | -63.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALIT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ALIT and QQQ?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.31 over the last year and 0.35 over 5 years.
Is QQQ a good diversifier for ALIT?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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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Related comparisons
Hubs: ALIT correlations · QQQ correlations
