CBT vs QQQ: Correlation
How closely do Cabot Corporation (CBT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBT and QQQ?
Across a 3-year window, the weekly returns of CBT and QQQ correlate at 0.39, moderate. The past 12 months show a weaker link (0.28) than the 3-year average (0.39). Stretching to 5 years gives 0.43, with an annualized covariance of 218.5 %².
Out of 15 assets tracked against CBT, QQQ lands near the bottom at #12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.6 points (+5.7% versus +26.3%).
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.
CBT vs QQQ: side by side
| CBT (Cabot Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.7% | +26.3% |
| 5-year return | +73.1% | +95.4% |
| Volatility (ann.) | 28.5% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -48.8% | -22.8% |
| Market cap | $4.4B | – |
| P/E (trailing) | 23.7 | – |
| Dividend yield | 2.16% | 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 | CBT | QQQ |
|---|---|---|
| 2022 | +21.4% | -32.6% |
| 2023 | +27.6% | +54.9% |
| 2024 | +11.3% | +25.6% |
| 2025 | -25.7% | +20.8% |
| 2026 | +29.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBT and QQQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CBT and QQQ?
As of 2026-08-27, the correlation of weekly returns between CBT and QQQ is 0.39 over 3 years, 0.28 over 1 year and 0.43 over 5 years.
Is QQQ a good diversifier for CBT?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/cbt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbt-vs-qqq/)
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Related comparisons
Hubs: CBT correlations · QQQ correlations
