ALKT vs QQQ: Correlation
Alkami Technology, Inc. (ALKT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALKT and QQQ?
On 3 years of weekly data the ALKT/QQQ correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 322.2 %².
Among the 11 assets we track against ALKT, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 45.8 points (-19.5% versus +26.3%). Risk is not evenly split, since ALKT carries 2.3 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.
ALKT vs QQQ: side by side
| ALKT (Alkami Technology, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.5% | +26.3% |
| 5-year return | -28.5% | +95.4% |
| Volatility (ann.) | 45.4% | 19.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -65.4% | -22.8% |
| Market cap | $2.2B | – |
| 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 | ALKT | QQQ |
|---|---|---|
| 2022 | -27.3% | -32.6% |
| 2023 | +66.2% | +54.9% |
| 2024 | +51.3% | +25.6% |
| 2025 | -37.1% | +20.8% |
| 2026 | -11.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALKT and QQQ good diversifiers for each other?
Reasonably. At 0.36, ALKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALKT and QQQ?
As of 2026-08-27, the correlation of weekly returns between ALKT and QQQ is 0.36 over 3 years, 0.28 over 1 year and 0.46 over 5 years.
Is QQQ a good diversifier for ALKT?
Reasonably. At 0.36, ALKT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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: ALKT correlations · QQQ correlations
