CBAT vs QQQ: Correlation
How closely do CBAK Energy Technology Limited (CBAT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBAT and QQQ?
Over the past 3 years, CBAT and QQQ moved with a correlation of 0.14, which is weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 168.2 %².
QQQ is close to the least connected end of CBAT's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 32.4 percentage points (-6.1% for CBAT against +26.3% for QQQ). Risk is not evenly split, since CBAT carries 3.1 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.
CBAT vs QQQ: side by side
| CBAT (CBAK Energy Technology Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.1% | +26.3% |
| 5-year return | -73.0% | +95.4% |
| Volatility (ann.) | 60.3% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -74.1% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | CBAT | QQQ |
|---|---|---|
| 2022 | -36.5% | -32.6% |
| 2023 | +6.1% | +54.9% |
| 2024 | -10.5% | +25.6% |
| 2025 | -10.6% | +20.8% |
| 2026 | +2.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBAT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, CBAT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CBAT and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with 0.22 over the last year and 0.30 over 5 years.
Is QQQ a good diversifier for CBAT?
Yes. With a correlation of 0.14, CBAT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
A reading of 0.14 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/cbat-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbat-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBAT correlations · QQQ correlations
