CBSH vs QQQ: Correlation
How closely do Commerce Bancshares, Inc. (CBSH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBSH and QQQ?
On 3 years of weekly data the CBSH/QQQ correlation comes out at 0.25, weak. The link has loosened recently: the 1-year correlation (-0.06) runs below the 3-year figure (0.25). The 5-year figure is 0.29, and annualized covariance runs at 111.4 %².
QQQ is close to the least connected end of CBSH's tracked universe, ranking #10 of 13. The last year tells two different stories: QQQ led by 27.3 percentage points, -1.0% for CBSH against +26.3% for QQQ.
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.
CBSH vs QQQ: side by side
| CBSH (Commerce Bancshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.0% | +26.3% |
| 5-year return | +10.0% | +95.4% |
| Volatility (ann.) | 22.8% | 19.6% |
| Beta vs S&P 500 | 0.64 | 1.28 |
| Max drawdown (3Y) | -27.6% | -22.8% |
| Market cap | $8.3B | – |
| P/E (trailing) | 14.3 | – |
| Dividend yield | 1.84% | 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 | CBSH | QQQ |
|---|---|---|
| 2022 | +0.5% | -32.6% |
| 2023 | -15.9% | +54.9% |
| 2024 | +24.7% | +25.6% |
| 2025 | -10.2% | +20.8% |
| 2026 | +12.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBSH and QQQ good diversifiers for each other?
Reasonably. At 0.25, CBSH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBSH and QQQ?
As of 2026-08-27, the correlation of weekly returns between CBSH and QQQ is 0.25 over 3 years, -0.06 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for CBSH?
Reasonably. At 0.25, CBSH and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbsh-vs-qqq/)
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Related comparisons
Hubs: CBSH correlations · QQQ correlations
