CCG vs QQQ: Correlation
Measured on weekly returns over the past three years, Cheche Group Inc. - Class A (CCG) and Invesco QQQ Trust (QQQ) carry a correlation of -0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCG and QQQ?
Over the past 3 years, CCG and QQQ moved with a correlation of -0.06, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1736.0 %².
QQQ is close to the least connected end of CCG's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months CCG outperformed by 1835.1 percentage points (+1861.4% for CCG against +26.3% for QQQ). Risk is not evenly split, since CCG carries 79.6 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.
CCG vs QQQ: side by side
| CCG (Cheche Group Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1861.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 1560.5% | 19.6% |
| Beta vs S&P 500 | -3.24 | 1.28 |
| Max drawdown (3Y) | -99.5% | -22.8% |
| Market cap | – | – |
| 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 | CCG | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -86.2% | +25.6% |
| 2025 | -6.7% | +20.8% |
| 2026 | +1856.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCG and QQQ good diversifiers for each other?
Yes. With a correlation of -0.06, CCG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCG and QQQ?
As of 2026-08-27, the correlation of weekly returns between CCG and QQQ is -0.06 over 3 years, -0.11 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for CCG?
Yes. With a correlation of -0.06, CCG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.06 mean?
A reading of -0.06 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: CCG correlations · QQQ correlations
