CAG vs QQQ: Correlation
How closely do ConAgra Brands, Inc. (CAG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.12, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAG and QQQ?
On 3 years of weekly data the CAG/QQQ correlation comes out at -0.12, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.18 lands near the 3-year figure. The 5-year figure is 0.00, and annualized covariance runs at -56.6 %².
Within CAG's tracked universe of 34 assets, QQQ comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 36.1 percentage points (-9.8% for CAG 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.
CAG vs QQQ: side by side
| CAG (ConAgra Brands, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.8% | +26.3% |
| 5-year return | -36.6% | +95.4% |
| Volatility (ann.) | 24.2% | 19.6% |
| Beta vs S&P 500 | -0.05 | 1.28 |
| Max drawdown (3Y) | -56.7% | -22.8% |
| Market cap | $7.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.65% | 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 | CAG | QQQ |
|---|---|---|
| 2022 | +17.5% | -32.6% |
| 2023 | -22.8% | +54.9% |
| 2024 | +1.5% | +25.6% |
| 2025 | -33.3% | +20.8% |
| 2026 | -2.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAG and QQQ good diversifiers for each other?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CAG and QQQ?
As of 2026-08-27, the correlation of weekly returns between CAG and QQQ is -0.12 over 3 years, -0.18 over 1 year and 0.00 over 5 years.
Is QQQ a good diversifier for CAG?
Yes: at -0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.12 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/cag-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cag-vs-qqq/)
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Related comparisons
Hubs: CAG correlations · QQQ correlations
