ATNI vs QQQ: Correlation
How closely do ATN International, Inc. (ATNI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATNI and QQQ?
Over the past 3 years, ATNI and QQQ moved with a correlation of 0.05, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 61.2 %².
Out of 11 assets tracked against ATNI, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with ATNI ahead by 69.1 points (+95.4% versus +26.3%). Note the risk asymmetry: ATNI runs 3.0 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.
ATNI vs QQQ: side by side
| ATNI (ATN International, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +95.4% | +26.3% |
| 5-year return | -22.3% | +95.4% |
| Volatility (ann.) | 58.6% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -62.6% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 3.0 | – |
| Dividend yield | 3.64% | 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 | ATNI | QQQ |
|---|---|---|
| 2022 | +15.3% | -32.6% |
| 2023 | -11.9% | +54.9% |
| 2024 | -55.1% | +25.6% |
| 2025 | +43.8% | +20.8% |
| 2026 | +32.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATNI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, ATNI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ATNI and QQQ?
As of 2026-08-27, the correlation of weekly returns between ATNI and QQQ is 0.05 over 3 years, 0.05 over 1 year and 0.09 over 5 years.
Is QQQ a good diversifier for ATNI?
Yes. With a correlation of 0.05, ATNI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 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: ATNI correlations · QQQ correlations
