CBRE vs QQQ: Correlation
Measured on weekly returns over the past three years, CBRE Group (CBRE) 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 CBRE and QQQ?
On 3 years of weekly data the CBRE/QQQ correlation comes out at 0.36, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.36 over 3 years. The 5-year figure is 0.46, and annualized covariance runs at 215.4 %².
By 3-year correlation, QQQ places #31 of the 41 assets tracked against CBRE. Correlation aside, the last 12 months split them widely, with QQQ ahead by 36.0 points (-9.7% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from 0.16 to 0.57. Risk is not evenly split, since CBRE carries 1.6 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.
CBRE vs QQQ: side by side
| CBRE (CBRE Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.7% | +26.3% |
| 5-year return | +53.3% | +95.4% |
| Volatility (ann.) | 30.4% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -27.4% | -22.8% |
| Market cap | $42.6B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | CBRE | QQQ |
|---|---|---|
| 2022 | -29.1% | -32.6% |
| 2023 | +21.0% | +54.9% |
| 2024 | +41.0% | +25.6% |
| 2025 | +22.5% | +20.8% |
| 2026 | -8.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRE 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 CBRE and QQQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.22 over the last year and 0.46 over 5 years.
Is QQQ a good diversifier for CBRE?
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?
On the −1 to +1 scale, 0.36 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/cbre-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbre-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBRE correlations · QQQ correlations
