CARS vs QQQ: Correlation
How closely do Cars.com Inc. (CARS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARS and QQQ?
Across a 3-year window, the weekly returns of CARS and QQQ correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.40, with an annualized covariance of 360.2 %².
Among the 14 assets we track against CARS, QQQ ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 36.9 points (-10.6% versus +26.3%). Risk is not evenly split, since CARS carries 2.1 times the volatility of the other side.
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.
CARS vs QQQ: side by side
| CARS (Cars.com Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -10.6% | +26.3% |
| 5-year return | -7.8% | +95.4% |
| Volatility (ann.) | 42.1% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -63.4% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 21.0 | – |
| 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 | CARS | QQQ |
|---|---|---|
| 2022 | -14.4% | -32.6% |
| 2023 | +37.8% | +54.9% |
| 2024 | -8.6% | +25.6% |
| 2025 | -29.6% | +20.8% |
| 2026 | -3.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARS and QQQ good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CARS and QQQ?
The CARS/QQQ correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CARS?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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/cars-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cars-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CARS correlations · QQQ correlations
