CCCC vs QQQ: Correlation
How closely do C4 Therapeutics, Inc. (CCCC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCCC and QQQ?
Over the past 3 years, CCCC and QQQ moved with a correlation of 0.24, which is weak. The link has tightened recently: the 1-year correlation (0.42) runs above the 3-year figure (0.24). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 873.8 %².
By 3-year correlation, QQQ places #14 of the 19 assets tracked against CCCC. The last year tells two different stories: CCCC led by 32.6 percentage points, +58.9% for CCCC against +26.3% for QQQ. Note the risk asymmetry: CCCC runs 9.4 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.
CCCC vs QQQ: side by side
| CCCC (C4 Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +58.9% | +26.3% |
| 5-year return | -90.1% | +95.4% |
| Volatility (ann.) | 184.7% | 19.6% |
| Beta vs S&P 500 | 3.22 | 1.28 |
| Max drawdown (3Y) | -90.0% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| 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 | CCCC | QQQ |
|---|---|---|
| 2022 | -81.7% | -32.6% |
| 2023 | -4.2% | +54.9% |
| 2024 | -36.3% | +25.6% |
| 2025 | -46.9% | +20.8% |
| 2026 | +114.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCCC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCCC and QQQ?
The CCCC/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.42, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CCCC?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
$ curl https://www.pairbook.io/api/v1/pairs/cccc-vs-qqq.json
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[](https://www.pairbook.io/pair/cccc-vs-qqq/)
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Related comparisons
Hubs: CCCC correlations · QQQ correlations
