CALM vs QQQ: Correlation
Cal-Maine Foods, Inc. (CALM) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALM and QQQ?
Across a 3-year window, the weekly returns of CALM and QQQ correlate at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.18) runs below the 3-year figure (0.11). Stretching to 5 years gives 0.16, with an annualized covariance of 64.1 %².
QQQ is close to the least connected end of CALM's tracked universe, ranking #7 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 56.0 points (-29.7% versus +26.3%). One caveat on sizing: CALM is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CALM vs QQQ: side by side
| CALM (Cal-Maine Foods, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -29.7% | +26.3% |
| 5-year return | +187.0% | +95.4% |
| Volatility (ann.) | 30.5% | 19.6% |
| Beta vs S&P 500 | 0.35 | 1.28 |
| Max drawdown (3Y) | -37.0% | -22.8% |
| Market cap | $3.7B | – |
| P/E (trailing) | 12.5 | – |
| Dividend yield | 2.96% | 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 | CALM | QQQ |
|---|---|---|
| 2022 | +51.9% | -32.6% |
| 2023 | +14.5% | +54.9% |
| 2024 | +87.0% | +25.6% |
| 2025 | -15.6% | +20.8% |
| 2026 | +1.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALM and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, CALM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CALM and QQQ?
The CALM/QQQ correlation stands at 0.11 on a 3-year window (1 year: -0.18, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CALM?
Yes. With a correlation of 0.11, CALM and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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/calm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/calm-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CALM correlations · QQQ correlations
