ALLT vs QQQ: Correlation
Allot Ltd. (ALLT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLT and QQQ?
Across a 3-year window, the weekly returns of ALLT and QQQ correlate at 0.30, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.30 over 3. Stretching to 5 years gives 0.30, with an annualized covariance of 362.6 %².
Among the 12 assets we track against ALLT, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 23.8 percentage points, +2.5% for ALLT against +26.3% for QQQ. Note the risk asymmetry: ALLT runs 3.1 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.
ALLT vs QQQ: side by side
| ALLT (Allot Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.5% | +26.3% |
| 5-year return | -52.5% | +95.4% |
| Volatility (ann.) | 61.6% | 19.6% |
| Beta vs S&P 500 | 1.39 | 1.28 |
| Max drawdown (3Y) | -49.1% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 34.5 | – |
| 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 | ALLT | QQQ |
|---|---|---|
| 2022 | -71.0% | -32.6% |
| 2023 | -52.0% | +54.9% |
| 2024 | +260.6% | +25.6% |
| 2025 | +65.2% | +20.8% |
| 2026 | -19.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLT and QQQ good diversifiers for each other?
Reasonably. At 0.30, ALLT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ALLT and QQQ?
As of 2026-08-27, the correlation of weekly returns between ALLT and QQQ is 0.30 over 3 years, 0.28 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for ALLT?
Reasonably. At 0.30, ALLT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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: ALLT correlations · QQQ correlations
