ALNT vs QQQ: Correlation
Allient Inc. (ALNT) 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 ALNT and QQQ?
On 3 years of weekly data the ALNT/QQQ correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.36 over 3. The 5-year figure is 0.41, and annualized covariance runs at 358.6 %².
QQQ is close to the least connected end of ALNT's tracked universe, ranking #9 of 13. Their recent paths diverged sharply: over the last 12 months ALNT outperformed by 76.6 percentage points (+102.9% for ALNT against +26.3% for QQQ). Risk is not evenly split, since ALNT carries 2.6 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.
ALNT vs QQQ: side by side
| ALNT (Allient Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +102.9% | +26.3% |
| 5-year return | +183.0% | +95.4% |
| Volatility (ann.) | 51.2% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -52.9% | -22.8% |
| Market cap | $1.6B | – |
| P/E (trailing) | 55.0 | – |
| Dividend yield | 0.14% | 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 | ALNT | QQQ |
|---|---|---|
| 2022 | -4.3% | -32.6% |
| 2023 | -12.9% | +54.9% |
| 2024 | -19.3% | +25.6% |
| 2025 | +122.2% | +20.8% |
| 2026 | +78.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALNT and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALNT and QQQ?
The ALNT/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.33, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ALNT?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 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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[](https://www.pairbook.io/pair/alnt-vs-qqq/)
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Related comparisons
Hubs: ALNT correlations · QQQ correlations
