ATGL vs QQQ: Correlation
Measured on weekly returns over the past three years, Alpha Technology Group Limited - Class A (ATGL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATGL and QQQ?
Over the past 3 years, ATGL and QQQ moved with a correlation of 0.04, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.08 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 194.1 %².
Within ATGL's tracked universe of 11 assets, QQQ comes in at #6 by 3-year correlation. The last year tells two different stories: QQQ led by 102.3 percentage points, -76.0% for ATGL against +26.3% for QQQ. One caveat on sizing: ATGL is 12.9 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.
ATGL vs QQQ: side by side
| ATGL (Alpha Technology Group Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -76.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 253.1% | 19.6% |
| Beta vs S&P 500 | 0.71 | 1.28 |
| Max drawdown (3Y) | -95.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | ATGL | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +11.3% | +25.6% |
| 2025 | +48.0% | +20.8% |
| 2026 | -65.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATGL and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between ATGL and QQQ?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.08 over the last year and n/a over 5 years.
Is QQQ a good diversifier for ATGL?
By historical standards, yes. A correlation of 0.04 means the two rarely move for the same reasons.
What does a correlation of 0.04 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.
Use this data
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Related comparisons
Hubs: ATGL correlations · QQQ correlations
