CCI vs QQQ: Correlation
Crown Castle (CCI) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCI and QQQ?
Over the past 3 years, CCI and QQQ moved with a correlation of 0.02, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 10.7 %².
Within CCI's tracked universe of 30 assets, QQQ comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 47.8 percentage points (-21.5% for CCI against +26.3% for QQQ). This link changes with the market regime, having swung between -0.21 and 0.59 on a rolling one-year basis.
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.
CCI vs QQQ: side by side
| CCI (Crown Castle) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -21.5% | +26.3% |
| 5-year return | -50.4% | +95.4% |
| Volatility (ann.) | 28.4% | 19.6% |
| Beta vs S&P 500 | 0.22 | 1.28 |
| Max drawdown (3Y) | -33.0% | -22.8% |
| Market cap | $32.8B | – |
| P/E (trailing) | 30.9 | – |
| Dividend yield | 5.63% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | CCI | QQQ |
|---|---|---|
| 2022 | -32.6% | -32.6% |
| 2023 | -10.2% | +54.9% |
| 2024 | -16.4% | +25.6% |
| 2025 | +3.0% | +20.8% |
| 2026 | -13.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCI and QQQ good diversifiers for each other?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CCI and QQQ?
The CCI/QQQ correlation stands at 0.02 on a 3-year window (1 year: 0.05, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CCI?
Yes: at 0.02, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.02 mean?
A reading of 0.02 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/cci-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cci-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCI correlations · QQQ correlations
