ALP vs QQQ: Correlation
Measured on weekly returns over the past three years, Alpha Compute Corp (ALP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALP and QQQ?
On 3 years of weekly data the ALP/QQQ correlation comes out at 0.12, weak. Recent behaviour matches the longer record: 0.16 over 1 year against 0.12 over 3. The 5-year figure is 0.10, and annualized covariance runs at 444.8 %².
QQQ is close to the least connected end of ALP's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 123.9 percentage points (-97.6% for ALP against +26.3% for QQQ). One caveat on sizing: ALP is 9.9 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.
ALP vs QQQ: side by side
| ALP (Alpha Compute Corp) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -97.6% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 195.0% | 19.6% |
| Beta vs S&P 500 | 1.99 | 1.28 |
| Max drawdown (3Y) | -99.8% | -22.8% |
| Market cap | – | – |
| 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 | ALP | QQQ |
|---|---|---|
| 2022 | -50.7% | -32.6% |
| 2023 | -65.6% | +54.9% |
| 2024 | -85.8% | +25.6% |
| 2025 | -88.4% | +20.8% |
| 2026 | -70.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
FAQ
What is the correlation between ALP and QQQ?
The ALP/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.16, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ALP?
By historical standards, yes. A correlation of 0.12 means the two rarely move for the same reasons.
What does a correlation of 0.12 mean?
A reading of 0.12 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/alp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/alp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALP correlations · QQQ correlations
