ATOM vs QQQ: Correlation
Atomera Incorporated (ATOM) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATOM and QQQ?
Over the past 3 years, ATOM and QQQ moved with a correlation of 0.24, which is weak. The relationship has been stable: the 1-year correlation (0.32) sits close to the 3-year figure. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 545.0 %².
Out of 12 assets tracked against ATOM, QQQ lands near the bottom at #8. Over the last 12 months ATOM came out ahead by 5.6 percentage points (+31.9% against +26.3%). One caveat on sizing: ATOM is 6.0 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.
ATOM vs QQQ: side by side
| ATOM (Atomera Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.9% | +26.3% |
| 5-year return | -81.4% | +95.4% |
| Volatility (ann.) | 117.4% | 19.6% |
| Beta vs S&P 500 | 1.78 | 1.28 |
| Max drawdown (3Y) | -88.0% | -22.8% |
| Market cap | $0.2B | – |
| 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 | ATOM | QQQ |
|---|---|---|
| 2022 | -69.1% | -32.6% |
| 2023 | +12.7% | +54.9% |
| 2024 | +65.5% | +25.6% |
| 2025 | -80.9% | +20.8% |
| 2026 | +102.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATOM and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATOM and QQQ?
As of 2026-08-27, the correlation of weekly returns between ATOM and QQQ is 0.24 over 3 years, 0.32 over 1 year and 0.32 over 5 years.
Is QQQ a good diversifier for ATOM?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/atom-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atom-vs-qqq/)
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Related comparisons
Hubs: ATOM correlations · QQQ correlations
