ARLO vs QQQ: Correlation
Measured on weekly returns over the past three years, Arlo Technologies, Inc. (ARLO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARLO and QQQ?
Over the past 3 years, ARLO and QQQ moved with a correlation of 0.39, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.39 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 469.9 %².
Among the 13 assets we track against ARLO, QQQ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 52.0 points (-25.7% versus +26.3%). Risk is not evenly split, since ARLO carries 3.1 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.
ARLO vs QQQ: side by side
| ARLO (Arlo Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.7% | +26.3% |
| 5-year return | +113.6% | +95.4% |
| Volatility (ann.) | 61.4% | 19.6% |
| Beta vs S&P 500 | 1.84 | 1.28 |
| Max drawdown (3Y) | -50.8% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 46.7 | – |
| 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 | ARLO | QQQ |
|---|---|---|
| 2022 | -66.5% | -32.6% |
| 2023 | +171.2% | +54.9% |
| 2024 | +17.5% | +25.6% |
| 2025 | +25.0% | +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 ARLO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ARLO and QQQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.40 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for ARLO?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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.
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Related comparisons
Hubs: ARLO correlations · QQQ correlations
