CD vs QQQ: Correlation
How closely do Chaince Digital Holdings Inc. - American (CD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CD and QQQ?
On 3 years of weekly data the CD/QQQ correlation comes out at 0.05, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.13 lands near the 3-year figure. The 5-year figure is 0.05, and annualized covariance runs at 170.7 %².
Out of 15 assets tracked against CD, QQQ lands near the bottom at #11. The last year tells two different stories: QQQ led by 66.1 percentage points, -39.8% for CD against +26.3% for QQQ. Note the risk asymmetry: CD runs 9.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CD vs QQQ: side by side
| CD (Chaince Digital Holdings Inc. - American) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -39.8% | +26.3% |
| 5-year return | +1.2% | +95.4% |
| Volatility (ann.) | 189.9% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -92.6% | -22.8% |
| Market cap | $0.4B | – |
| 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 | CD | QQQ |
|---|---|---|
| 2022 | -64.8% | -32.6% |
| 2023 | +109.5% | +54.9% |
| 2024 | +162.7% | +25.6% |
| 2025 | -27.2% | +20.8% |
| 2026 | -31.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CD and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between CD and QQQ?
The CD/QQQ correlation stands at 0.05 on a 3-year window (1 year: 0.13, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CD?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 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/cd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CD correlations · QQQ correlations
