CCTG vs QQQ: Correlation
How closely do CCSC Technology International Holdings Limited - Class A (CCTG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCTG and QQQ?
On 3 years of weekly data the CCTG/QQQ correlation comes out at 0.21, weak. The past 12 months show a tighter link (0.41) than the 3-year average (0.21). The 5-year figure is n/a, and annualized covariance runs at 588.5 %².
Among the 10 assets we track against CCTG, QQQ sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 120.0 percentage points (-93.7% for CCTG against +26.3% for QQQ). Risk is not evenly split, since CCTG carries 7.2 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.
CCTG vs QQQ: side by side
| CCTG (CCSC Technology International Holdings Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -93.7% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 142.0% | 19.6% |
| Beta vs S&P 500 | 1.57 | 1.28 |
| Max drawdown (3Y) | -99.8% | -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 | CCTG | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -90.1% | +20.8% |
| 2026 | -55.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCTG and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CCTG and QQQ?
The CCTG/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.41, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CCTG?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
A reading of 0.21 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
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Related comparisons
Hubs: CCTG correlations · QQQ correlations
