CAC vs QQQ: Correlation
Camden National Corporation (CAC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAC and QQQ?
Over the past 3 years, CAC and QQQ moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.04) than the 3-year average (0.29). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 164.7 %².
Among the 24 assets we track against CAC, QQQ sits near the bottom by co-movement, at rank #21. Their recent paths diverged sharply: over the last 12 months CAC outperformed by 17.0 percentage points (+43.3% for CAC 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.
CAC vs QQQ: side by side
| CAC (Camden National Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +43.3% | +26.3% |
| 5-year return | +51.3% | +95.4% |
| Volatility (ann.) | 29.0% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -26.0% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 2.97% | 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 | CAC | QQQ |
|---|---|---|
| 2022 | -10.3% | -32.6% |
| 2023 | -5.0% | +54.9% |
| 2024 | +19.1% | +25.6% |
| 2025 | +5.8% | +20.8% |
| 2026 | +34.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and QQQ good diversifiers for each other?
Reasonably. At 0.29, CAC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CAC and QQQ?
Using weekly returns as of 2026-08-27: 0.29 over 3 years, with 0.04 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for CAC?
Reasonably. At 0.29, CAC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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/cac-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cac-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CAC correlations · QQQ correlations
