CBZ vs QQQ: Correlation
CBIZ, Inc. (CBZ) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBZ and QQQ?
Across a 3-year window, the weekly returns of CBZ and QQQ correlate at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.23 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 199.8 %².
Among the 20 assets we track against CBZ, QQQ sits near the bottom by co-movement, at rank #16. The last year tells two different stories: QQQ led by 43.2 percentage points, -16.9% for CBZ against +26.3% for QQQ. Risk is not evenly split, since CBZ carries 2.3 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.
CBZ vs QQQ: side by side
| CBZ (CBIZ, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.9% | +26.3% |
| 5-year return | +61.7% | +95.4% |
| Volatility (ann.) | 44.6% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -71.6% | -22.8% |
| Market cap | $3.0B | – |
| P/E (trailing) | 26.3 | – |
| 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 | CBZ | QQQ |
|---|---|---|
| 2022 | +19.8% | -32.6% |
| 2023 | +33.6% | +54.9% |
| 2024 | +30.7% | +25.6% |
| 2025 | -38.3% | +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 CBZ and QQQ good diversifiers for each other?
Reasonably. At 0.23, CBZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CBZ and QQQ?
The CBZ/QQQ correlation stands at 0.23 on a 3-year window (1 year: 0.11, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CBZ?
Reasonably. At 0.23, CBZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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/cbz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbz-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBZ correlations · QQQ correlations
