ARL vs QQQ: Correlation
Measured on weekly returns over the past three years, American Realty Investors, Inc. (ARL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARL and QQQ?
On 3 years of weekly data the ARL/QQQ correlation comes out at 0.22, weak. Lately the two have drifted apart, with the 1-year correlation at -0.04 versus 0.22 over 3 years. The 5-year figure is 0.11, and annualized covariance runs at 226.9 %².
QQQ is close to the least connected end of ARL's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.1 points (-2.8% versus +26.3%). One caveat on sizing: ARL is 2.7 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.
ARL vs QQQ: side by side
| ARL (American Realty Investors, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.8% | +26.3% |
| 5-year return | +36.2% | +95.4% |
| Volatility (ann.) | 52.7% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -57.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 29.4 | – |
| 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 | ARL | QQQ |
|---|---|---|
| 2022 | +102.8% | -32.6% |
| 2023 | -32.1% | +54.9% |
| 2024 | -15.7% | +25.6% |
| 2025 | +9.4% | +20.8% |
| 2026 | -6.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARL and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ARL and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with -0.04 over the last year and 0.11 over 5 years.
Is QQQ a good diversifier for ARL?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
A reading of 0.22 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/arl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/arl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ARL correlations · QQQ correlations
