ATLX vs QQQ: Correlation
How closely do Atlas Lithium Corporation (ATLX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLX and QQQ?
Over the past 3 years, ATLX and QQQ moved with a correlation of 0.32, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.32 over 3. Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 497.4 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against ATLX. The last year tells two different stories: QQQ led by 63.7 percentage points, -37.4% for ATLX against +26.3% for QQQ. Note the risk asymmetry: ATLX runs 4.0 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.
ATLX vs QQQ: side by side
| ATLX (Atlas Lithium Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -37.4% | +26.3% |
| 5-year return | -55.9% | +95.4% |
| Volatility (ann.) | 79.3% | 19.6% |
| Beta vs S&P 500 | 1.64 | 1.28 |
| Max drawdown (3Y) | -92.3% | -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 | ATLX | QQQ |
|---|---|---|
| 2022 | +16.7% | -32.6% |
| 2023 | +346.9% | +54.9% |
| 2024 | -79.8% | +25.6% |
| 2025 | -33.2% | +20.8% |
| 2026 | -21.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLX and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATLX and QQQ?
The ATLX/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.38, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ATLX?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atlx-vs-qqq/)
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Related comparisons
Hubs: ATLX correlations · QQQ correlations
