ATMU vs QQQ: Correlation
How closely do Atmus Filtration Technologies Inc. (ATMU) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATMU and QQQ?
Across a 3-year window, the weekly returns of ATMU and QQQ correlate at 0.35, moderate. The past 12 months show a weaker link (0.10) than the 3-year average (0.35). Stretching to 5 years gives n/a, with an annualized covariance of 218.5 %².
QQQ is close to the least connected end of ATMU's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 16.4 percentage points (+9.9% for ATMU against +26.3% for QQQ). One caveat on sizing: ATMU is 1.7 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.
ATMU vs QQQ: side by side
| ATMU (Atmus Filtration Technologies Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 32.4% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -30.2% | -22.8% |
| Market cap | $4.0B | – |
| P/E (trailing) | 19.0 | – |
| Dividend yield | 0.45% | 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 | ATMU | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +67.3% | +25.6% |
| 2025 | +33.2% | +20.8% |
| 2026 | -5.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATMU and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATMU and QQQ?
As of 2026-08-27, the correlation of weekly returns between ATMU and QQQ is 0.35 over 3 years, 0.10 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for ATMU?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 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: ATMU correlations · QQQ correlations
