CCK vs QQQ: Correlation
How closely do Crown Holdings, Inc. (CCK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCK and QQQ?
Across a 3-year window, the weekly returns of CCK and QQQ correlate at 0.14, weak. Recent behaviour matches the longer record: 0.04 over 1 year against 0.14 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 66.0 %².
Out of 14 assets tracked against CCK, QQQ lands near the bottom at #11. Over the last 12 months QQQ came out ahead by 7.3 percentage points (+19.0% against +26.3%).
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.
CCK vs QQQ: side by side
| CCK (Crown Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.0% | +26.3% |
| 5-year return | +12.7% | +95.4% |
| Volatility (ann.) | 24.9% | 19.6% |
| Beta vs S&P 500 | 0.48 | 1.28 |
| Max drawdown (3Y) | -23.1% | -22.8% |
| Market cap | $12.8B | – |
| P/E (trailing) | 17.1 | – |
| Dividend yield | 1.02% | 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 | CCK | QQQ |
|---|---|---|
| 2022 | -25.0% | -32.6% |
| 2023 | +13.3% | +54.9% |
| 2024 | -9.1% | +25.6% |
| 2025 | +25.9% | +20.8% |
| 2026 | +15.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCK and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, CCK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CCK and QQQ?
The CCK/QQQ correlation stands at 0.14 on a 3-year window (1 year: 0.04, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CCK?
Yes. With a correlation of 0.14, CCK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CCK correlations · QQQ correlations
