CCU vs QQQ: Correlation
Compania Cervecerias Unidas, S.A. (CCU) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCU and QQQ?
Over the past 3 years, CCU and QQQ moved with a correlation of 0.26, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.37 versus 0.26 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 146.1 %².
Out of 11 assets tracked against CCU, QQQ lands near the bottom at #8. The last year tells two different stories: QQQ led by 25.5 percentage points, +0.8% for CCU against +26.3% for QQQ.
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.
CCU vs QQQ: side by side
| CCU (Compania Cervecerias Unidas, S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.8% | +26.3% |
| 5-year return | -22.7% | +95.4% |
| Volatility (ann.) | 28.3% | 19.6% |
| Beta vs S&P 500 | 0.60 | 1.28 |
| Max drawdown (3Y) | -30.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 20.0 | – |
| 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 | CCU | QQQ |
|---|---|---|
| 2022 | -15.0% | -32.6% |
| 2023 | -2.5% | +54.9% |
| 2024 | -6.2% | +25.6% |
| 2025 | +14.2% | +20.8% |
| 2026 | -3.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCU and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CCU and QQQ?
As of 2026-08-27, the correlation of weekly returns between CCU and QQQ is 0.26 over 3 years, 0.37 over 1 year and 0.23 over 5 years.
Is QQQ a good diversifier for CCU?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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
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Related comparisons
Hubs: CCU correlations · QQQ correlations
