ATR vs QQQ: Correlation
AptarGroup, Inc. (ATR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATR and QQQ?
On 3 years of weekly data the ATR/QQQ correlation comes out at 0.25, weak. The past 12 months show a weaker link (-0.03) than the 3-year average (0.25). The 5-year figure is 0.41, and annualized covariance runs at 101.8 %².
QQQ is close to the least connected end of ATR's tracked universe, ranking #16 of 19. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 29.6 percentage points (-3.3% for ATR against +26.3% for QQQ).
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.
ATR vs QQQ: side by side
| ATR (AptarGroup, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.3% | +26.3% |
| 5-year return | +4.9% | +95.4% |
| Volatility (ann.) | 21.0% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -35.2% | -22.8% |
| Market cap | $8.4B | – |
| P/E (trailing) | 24.4 | – |
| Dividend yield | 1.40% | 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 | ATR | QQQ |
|---|---|---|
| 2022 | -8.9% | -32.6% |
| 2023 | +13.9% | +54.9% |
| 2024 | +28.6% | +25.6% |
| 2025 | -21.4% | +20.8% |
| 2026 | +10.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATR and QQQ good diversifiers for each other?
Reasonably. At 0.25, ATR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ATR and QQQ?
Using weekly returns as of 2026-08-27: 0.25 over 3 years, with -0.03 over the last year and 0.41 over 5 years.
Is QQQ a good diversifier for ATR?
Reasonably. At 0.25, ATR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 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/atr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/atr-vs-qqq/)
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Related comparisons
Hubs: ATR correlations · QQQ correlations
