ALOY vs QQQ: Correlation
How closely do REalloys Inc. (ALOY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOY and QQQ?
On 3 years of weekly data the ALOY/QQQ correlation comes out at 0.14, weak. The link has tightened recently: the 1-year correlation (0.27) runs above the 3-year figure (0.14). The 5-year figure is 0.15, and annualized covariance runs at 337.7 %².
Among the 11 assets we track against ALOY, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with ALOY ahead by 73.7 points (+100.0% versus +26.3%). One caveat on sizing: ALOY is 6.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ALOY vs QQQ: side by side
| ALOY (REalloys Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +100.0% | +26.3% |
| 5-year return | -4.5% | +95.4% |
| Volatility (ann.) | 125.1% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -72.9% | -22.8% |
| Market cap | $0.8B | – |
| 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 | ALOY | QQQ |
|---|---|---|
| 2022 | -91.6% | -32.6% |
| 2023 | +135.0% | +54.9% |
| 2024 | -22.0% | +25.6% |
| 2025 | +268.0% | +20.8% |
| 2026 | +41.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOY 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 ALOY and QQQ?
The ALOY/QQQ correlation stands at 0.14 on a 3-year window (1 year: 0.27, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ALOY?
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?
On the −1 to +1 scale, 0.14 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
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Related comparisons
Hubs: ALOY correlations · QQQ correlations
