CB vs QQQ: Correlation
How closely do Chubb Limited (CB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CB and QQQ?
Over the past 3 years, CB and QQQ moved with a correlation of -0.05, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.05). Over 5 years the correlation is 0.13, and the annualized covariance of weekly returns is -18.8 %².
Among the 37 assets we track against CB, QQQ ranks #26 by 3-year correlation. Their 12-month results are close: +24.7% for CB against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.34 to 0.17.
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.
CB vs QQQ: side by side
| CB (Chubb Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.7% | +26.3% |
| 5-year return | +96.8% | +95.4% |
| Volatility (ann.) | 17.7% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -14.4% | -22.8% |
| Market cap | $130.5B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 1.14% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | CB | QQQ |
|---|---|---|
| 2022 | +16.0% | -32.6% |
| 2023 | +4.2% | +54.9% |
| 2024 | +23.9% | +25.6% |
| 2025 | +13.7% | +20.8% |
| 2026 | +9.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CB and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between CB and QQQ?
The CB/QQQ correlation stands at -0.05 on a 3-year window (1 year: -0.33, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CB?
By historical standards, yes. A correlation of -0.05 means the two rarely move for the same reasons.
What does a correlation of -0.05 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
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Related comparisons
Hubs: CB correlations · QQQ correlations
