CCOI vs QQQ: Correlation
Cogent Communications Holdings, Inc. (CCOI) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCOI and QQQ?
Across a 3-year window, the weekly returns of CCOI and QQQ correlate at 0.09, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.12 over 1 year against 0.09 over 3. Stretching to 5 years gives 0.16, with an annualized covariance of 115.4 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against CCOI. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 100.6 percentage points (-74.3% for CCOI against +26.3% for QQQ). One caveat on sizing: CCOI is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CCOI vs QQQ: side by side
| CCOI (Cogent Communications Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -74.3% | +26.3% |
| 5-year return | -83.0% | +95.4% |
| Volatility (ann.) | 63.2% | 19.6% |
| Beta vs S&P 500 | 0.57 | 1.28 |
| Max drawdown (3Y) | -88.3% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 10.70% | 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 | CCOI | QQQ |
|---|---|---|
| 2022 | -17.2% | -32.6% |
| 2023 | +41.2% | +54.9% |
| 2024 | +7.2% | +25.6% |
| 2025 | -70.1% | +20.8% |
| 2026 | -55.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCOI and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between CCOI and QQQ?
The CCOI/QQQ correlation stands at 0.09 on a 3-year window (1 year: 0.12, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CCOI?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
What does a correlation of 0.09 mean?
On the −1 to +1 scale, 0.09 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/ccoi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccoi-vs-qqq/)
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Related comparisons
Hubs: CCOI correlations · QQQ correlations
