CALX vs QQQ: Correlation
Measured on weekly returns over the past three years, Calix, Inc (CALX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CALX and QQQ?
On 3 years of weekly data the CALX/QQQ correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.24 versus 0.36 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 293.7 %².
QQQ is close to the least connected end of CALX's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.8 points (-36.5% versus +26.3%). One caveat on sizing: CALX is 2.1 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.
CALX vs QQQ: side by side
| CALX (Calix, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -36.5% | +26.3% |
| 5-year return | -20.0% | +95.4% |
| Volatility (ann.) | 42.1% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -48.6% | -22.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | 50.3 | – |
| 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 | CALX | QQQ |
|---|---|---|
| 2022 | -14.4% | -32.6% |
| 2023 | -36.2% | +54.9% |
| 2024 | -20.2% | +25.6% |
| 2025 | +51.8% | +20.8% |
| 2026 | -28.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CALX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CALX and QQQ?
The CALX/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.24, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CALX?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/calx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/calx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CALX correlations · QQQ correlations
