ALOT vs QQQ: Correlation
Measured on weekly returns over the past three years, AstroNova, Inc. (ALOT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOT and QQQ?
Across a 3-year window, the weekly returns of ALOT and QQQ correlate at 0.21, weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.21 over 3. Stretching to 5 years gives 0.19, with an annualized covariance of 241.8 %².
By 3-year correlation, QQQ places #11 of the 20 assets tracked against ALOT. Correlation aside, the last 12 months split them widely, with ALOT ahead by 140.2 points (+166.5% versus +26.3%). Note the risk asymmetry: ALOT runs 2.9 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.
ALOT vs QQQ: side by side
| ALOT (AstroNova, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +166.5% | +26.3% |
| 5-year return | +89.7% | +95.4% |
| Volatility (ann.) | 57.8% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -61.3% | -22.8% |
| Market cap | $0.2B | – |
| 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 | ALOT | QQQ |
|---|---|---|
| 2022 | -5.0% | -32.6% |
| 2023 | +26.8% | +54.9% |
| 2024 | -26.1% | +25.6% |
| 2025 | -28.0% | +20.8% |
| 2026 | +235.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOT and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALOT and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with 0.23 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for ALOT?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/alot-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alot-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALOT correlations · QQQ correlations
