ATER vs QQQ: Correlation
Aterian, Inc. (ATER) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATER and QQQ?
Over the past 3 years, ATER and QQQ moved with a correlation of 0.25, which is weak. The past 12 months show a tighter link (0.38) than the 3-year average (0.25). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 438.1 %².
Among the 10 assets we track against ATER, QQQ sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with QQQ ahead by 87.5 points (-61.2% versus +26.3%). One caveat on sizing: ATER is 4.6 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.
ATER vs QQQ: side by side
| ATER (Aterian, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -61.2% | +26.3% |
| 5-year return | -99.5% | +95.4% |
| Volatility (ann.) | 90.5% | 19.6% |
| Beta vs S&P 500 | 1.58 | 1.28 |
| Max drawdown (3Y) | -94.0% | -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 | ATER | QQQ |
|---|---|---|
| 2022 | -81.3% | -32.6% |
| 2023 | -54.7% | +54.9% |
| 2024 | -42.7% | +25.6% |
| 2025 | -71.0% | +20.8% |
| 2026 | -43.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATER and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATER and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with 0.38 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for ATER?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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
$ curl https://www.pairbook.io/api/v1/pairs/ater-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ater-vs-qqq/)
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Related comparisons
Hubs: ATER correlations · QQQ correlations
