CCAP vs QQQ: Correlation
How closely do Crescent Capital BDC, Inc. (CCAP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCAP and QQQ?
Over the past 3 years, CCAP and QQQ moved with a correlation of 0.33, which is moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 146.4 %².
Among the 18 assets we track against CCAP, QQQ ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.1 points (-22.8% 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.
CCAP vs QQQ: side by side
| CCAP (Crescent Capital BDC, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.8% | +26.3% |
| 5-year return | +1.5% | +95.4% |
| Volatility (ann.) | 22.9% | 19.6% |
| Beta vs S&P 500 | 0.60 | 1.28 |
| Max drawdown (3Y) | -36.2% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | – | – |
| Dividend yield | 15.14% | 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 | CCAP | QQQ |
|---|---|---|
| 2022 | -18.5% | -32.6% |
| 2023 | +52.6% | +54.9% |
| 2024 | +23.5% | +25.6% |
| 2025 | -17.5% | +20.8% |
| 2026 | -19.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCAP and QQQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCAP and QQQ?
The CCAP/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.40, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CCAP?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CCAP correlations · QQQ correlations
