ALMS vs QQQ: Correlation
Measured on weekly returns over the past three years, Alumis Inc. (ALMS) and Invesco QQQ Trust (QQQ) carry a correlation of -0.14, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALMS and QQQ?
On 3 years of weekly data the ALMS/QQQ correlation comes out at -0.14, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.05) than the 3-year average (-0.14). The 5-year figure is n/a, and annualized covariance runs at -371.4 %².
Within ALMS's tracked universe of 92 assets, QQQ comes in at #13 by 3-year correlation. The last year tells two different stories: ALMS led by 345.4 percentage points, +371.7% for ALMS against +26.3% for QQQ. Note the risk asymmetry: ALMS runs 6.6 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.
ALMS vs QQQ: side by side
| ALMS (Alumis Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +371.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 130.0% | 19.6% |
| Beta vs S&P 500 | -1.50 | 1.28 |
| Max drawdown (3Y) | -78.9% | -22.8% |
| Market cap | $3.0B | – |
| 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 | ALMS | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +24.2% | +20.8% |
| 2026 | +137.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALMS and QQQ good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ALMS and QQQ?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with 0.05 over the last year and n/a over 5 years.
Is QQQ a good diversifier for ALMS?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 mean?
A reading of -0.14 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alms-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alms-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALMS correlations · QQQ correlations
