CCEP vs QQQ: Correlation
Coca-Cola Europacific Partners plc (CCEP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEP and QQQ?
Over the past 3 years, CCEP and QQQ moved with a correlation of 0.20, which is weak. The link has loosened recently: the 1-year correlation (0.00) runs below the 3-year figure (0.20). Over 5 years the correlation is 0.31, and the annualized covariance of weekly returns is 75.0 %².
Out of 17 assets tracked against CCEP, QQQ lands near the bottom at #14. Their 12-month results are close: +24.5% for CCEP against +26.3% for QQQ.
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.
CCEP vs QQQ: side by side
| CCEP (Coca-Cola Europacific Partners plc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.5% | +26.3% |
| 5-year return | +115.3% | +95.4% |
| Volatility (ann.) | 19.3% | 19.6% |
| Beta vs S&P 500 | 0.39 | 1.28 |
| Max drawdown (3Y) | -18.2% | -22.8% |
| Market cap | $47.4B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 1.90% | 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 | CCEP | QQQ |
|---|---|---|
| 2022 | +2.3% | -32.6% |
| 2023 | +24.5% | +54.9% |
| 2024 | +18.4% | +25.6% |
| 2025 | +21.2% | +20.8% |
| 2026 | +19.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
CCEP represents 0.22% of QQQ's portfolio, so part of any move in QQQ is CCEP itself, and the correlation between them is partly mechanical.
Are CCEP and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCEP and QQQ?
As of 2026-08-27, the correlation of weekly returns between CCEP and QQQ is 0.20 over 3 years, 0.00 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for CCEP?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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/ccep-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccep-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEP correlations · QQQ correlations
