ATEC vs QQQ: Correlation
Alphatec Holdings, Inc. (ATEC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEC and QQQ?
Over the past 3 years, ATEC and QQQ moved with a correlation of 0.13, which is weak. Little has changed lately, as the 1-year reading of 0.13 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 183.4 %².
Among the 11 assets we track against ATEC, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 67.2 percentage points, -40.9% for ATEC against +26.3% for QQQ. Note the risk asymmetry: ATEC runs 3.6 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.
ATEC vs QQQ: side by side
| ATEC (Alphatec Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -40.9% | +26.3% |
| 5-year return | -29.0% | +95.4% |
| Volatility (ann.) | 71.5% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -70.3% | -22.8% |
| Market cap | $1.5B | – |
| 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 | ATEC | QQQ |
|---|---|---|
| 2022 | +8.0% | -32.6% |
| 2023 | +22.3% | +54.9% |
| 2024 | -39.2% | +25.6% |
| 2025 | +129.2% | +20.8% |
| 2026 | -54.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATEC and QQQ?
The ATEC/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.13, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ATEC?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
A reading of 0.13 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/atec-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atec-vs-qqq/)
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Related comparisons
Hubs: ATEC correlations · QQQ correlations
