CART vs QQQ: Correlation
Maplebear Inc. (CART) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CART and QQQ?
Across a 3-year window, the weekly returns of CART and QQQ correlate at 0.37, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.37). Stretching to 5 years gives n/a, with an annualized covariance of 285.4 %².
Within CART's tracked universe of 11 assets, QQQ comes in at #6 by 3-year correlation. The trailing year gives QQQ the advantage: +16.6% versus +26.3%, a 9.7-point spread. Risk is not evenly split, since CART carries 2.0 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.
CART vs QQQ: side by side
| CART (Maplebear Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 39.6% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -38.0% | -22.8% |
| Market cap | $11.7B | – |
| P/E (trailing) | 27.7 | – |
| 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 | CART | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +76.5% | +25.6% |
| 2025 | +8.6% | +20.8% |
| 2026 | +12.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CART and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CART and QQQ?
The CART/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.20, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CART?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/cart-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cart-vs-qqq/)
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Related comparisons
Hubs: CART correlations · QQQ correlations
