CACC vs QQQ: Correlation
Measured on weekly returns over the past three years, Credit Acceptance Corporation (CACC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CACC and QQQ?
On 3 years of weekly data the CACC/QQQ correlation comes out at 0.41, moderate. The relationship has been stable: the 1-year correlation (0.37) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 292.6 %².
Out of 10 assets tracked against CACC, QQQ lands near the bottom at #7. The trailing year gives QQQ the advantage: +17.7% versus +26.3%, a 8.6-point spread. Note the risk asymmetry: CACC runs 1.9 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.
CACC vs QQQ: side by side
| CACC (Credit Acceptance Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.7% | +26.3% |
| 5-year return | +4.2% | +95.4% |
| Volatility (ann.) | 36.8% | 19.6% |
| Beta vs S&P 500 | 1.30 | 1.28 |
| Max drawdown (3Y) | -32.7% | -22.8% |
| Market cap | $6.2B | – |
| P/E (trailing) | 13.1 | – |
| 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 | CACC | QQQ |
|---|---|---|
| 2022 | -31.0% | -32.6% |
| 2023 | +12.3% | +54.9% |
| 2024 | -11.9% | +25.6% |
| 2025 | -5.5% | +20.8% |
| 2026 | +35.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CACC and QQQ good diversifiers for each other?
Reasonably. At 0.41, CACC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CACC and QQQ?
The CACC/QQQ correlation stands at 0.41 on a 3-year window (1 year: 0.37, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CACC?
Reasonably. At 0.41, CACC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: CACC correlations · QQQ correlations
