CCEC vs QQQ: Correlation
Measured on weekly returns over the past three years, Capital Clean Energy Carriers Corp. - Common Share (CCEC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEC and QQQ?
Across a 3-year window, the weekly returns of CCEC and QQQ correlate at 0.12, weak. Recent behaviour matches the longer record: 0.15 over 1 year against 0.12 over 3. Stretching to 5 years gives 0.18, with an annualized covariance of 75.0 %².
Out of 10 assets tracked against CCEC, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 17.7 percentage points, +8.6% for CCEC against +26.3% for QQQ. Risk is not evenly split, since CCEC carries 1.6 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.
CCEC vs QQQ: side by side
| CCEC (Capital Clean Energy Carriers Corp. - Common Share) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.6% | +26.3% |
| 5-year return | +118.1% | +95.4% |
| Volatility (ann.) | 31.2% | 19.6% |
| Beta vs S&P 500 | 0.35 | 1.28 |
| Max drawdown (3Y) | -28.6% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 2.67% | 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 | CCEC | QQQ |
|---|---|---|
| 2022 | -11.8% | -32.6% |
| 2023 | +8.7% | +54.9% |
| 2024 | +33.9% | +25.6% |
| 2025 | +17.0% | +20.8% |
| 2026 | +11.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEC and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, CCEC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCEC and QQQ?
The CCEC/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.15, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CCEC?
Yes. With a correlation of 0.12, CCEC and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
A reading of 0.12 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/ccec-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccec-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEC correlations · QQQ correlations
