DRTS vs QQQ: Correlation
Alpha Tau Medical Ltd. (DRTS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DRTS and QQQ?
Across a 3-year window, the weekly returns of DRTS and QQQ correlate at 0.16, weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Stretching to 5 years gives 0.22, with an annualized covariance of 178.1 %².
Among the 10 assets we track against DRTS, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months DRTS outperformed by 313.2 percentage points (+339.5% for DRTS against +26.3% for QQQ). Risk is not evenly split, since DRTS carries 3.0 times the volatility of the other side.
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.
DRTS vs QQQ: side by side
| DRTS (Alpha Tau Medical Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +339.5% | +26.3% |
| 5-year return | +50.5% | +95.4% |
| Volatility (ann.) | 58.3% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -48.3% | -22.8% |
| Market cap | $1.4B | – |
| 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 | DRTS | QQQ |
|---|---|---|
| 2022 | -67.6% | -32.6% |
| 2023 | -5.3% | +54.9% |
| 2024 | +3.0% | +25.6% |
| 2025 | +59.7% | +20.8% |
| 2026 | +199.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DRTS and QQQ good diversifiers for each other?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between DRTS and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.21 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for DRTS?
Yes: at 0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/drts-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/drts-vs-qqq/)
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Related comparisons
Hubs: DRTS correlations · QQQ correlations
