CBRL vs QQQ: Correlation
Measured on weekly returns over the past three years, Cracker Barrel Old Country Store, Inc. (CBRL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBRL and QQQ?
Across a 3-year window, the weekly returns of CBRL and QQQ correlate at 0.17, weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.17 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 184.2 %².
Among the 14 assets we track against CBRL, QQQ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 35.6 percentage points (-9.3% for CBRL against +26.3% for QQQ). Note the risk asymmetry: CBRL runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CBRL vs QQQ: side by side
| CBRL (Cracker Barrel Old Country Store, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.3% | +26.3% |
| 5-year return | -52.2% | +95.4% |
| Volatility (ann.) | 55.0% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -68.0% | -22.8% |
| Market cap | $1.2B | – |
| P/E (trailing) | 51.0 | – |
| Dividend yield | 1.71% | 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 | CBRL | QQQ |
|---|---|---|
| 2022 | -22.7% | -32.6% |
| 2023 | -14.0% | +54.9% |
| 2024 | -27.9% | +25.6% |
| 2025 | -50.9% | +20.8% |
| 2026 | +121.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBRL and QQQ good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CBRL and QQQ?
As of 2026-08-27, the correlation of weekly returns between CBRL and QQQ is 0.17 over 3 years, 0.13 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for CBRL?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
A reading of 0.17 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/cbrl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbrl-vs-qqq/)
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Related comparisons
Hubs: CBRL correlations · QQQ correlations
