CCZ vs QQQ: Correlation
Comcast Holdings ZONES (CCZ) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCZ and QQQ?
Over the past 3 years, CCZ and QQQ moved with a correlation of 0.24, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.24 over 3 years. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is 101.2 %².
Out of 10 assets tracked against CCZ, QQQ lands near the bottom at #6. Over the last 12 months QQQ came out ahead by 13.9 percentage points (+12.4% 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.
CCZ vs QQQ: side by side
| CCZ (Comcast Holdings ZONES) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.4% | +26.3% |
| 5-year return | +24.7% | +95.4% |
| Volatility (ann.) | 21.9% | 19.6% |
| Beta vs S&P 500 | 0.35 | 1.28 |
| Max drawdown (3Y) | -16.3% | -22.8% |
| Dividend yield | – | 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 | CCZ | QQQ |
|---|---|---|
| 2022 | -8.9% | -32.6% |
| 2023 | +3.8% | +54.9% |
| 2024 | +10.6% | +25.6% |
| 2025 | +1.3% | +20.8% |
| 2026 | +12.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCZ and QQQ good diversifiers for each other?
Reasonably. At 0.24, CCZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCZ and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with -0.03 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for CCZ?
Reasonably. At 0.24, CCZ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ccz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ccz-vs-qqq/)
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Related comparisons
Hubs: CCZ correlations · QQQ correlations
