CDP vs QQQ: Correlation
Measured on weekly returns over the past three years, COPT Defense Properties (CDP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDP and QQQ?
Across a 3-year window, the weekly returns of CDP and QQQ correlate at 0.11, weak. Lately the two have drifted apart, with the 1-year correlation at -0.08 versus 0.11 over 3 years. Stretching to 5 years gives 0.20, with an annualized covariance of 42.7 %².
Among the 11 assets we track against CDP, QQQ sits near the bottom by co-movement, at rank #8. The trailing year gives CDP the advantage: +34.4% versus +26.3%, a 8.1-point spread.
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.
CDP vs QQQ: side by side
| CDP (COPT Defense Properties) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.4% | +26.3% |
| 5-year return | +64.2% | +95.4% |
| Volatility (ann.) | 20.1% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -23.7% | -22.8% |
| Market cap | $4.3B | – |
| P/E (trailing) | 25.9 | – |
| Dividend yield | 3.35% | 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 | CDP | QQQ |
|---|---|---|
| 2022 | -3.3% | -32.6% |
| 2023 | +3.7% | +54.9% |
| 2024 | +26.2% | +25.6% |
| 2025 | -6.2% | +20.8% |
| 2026 | +36.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDP and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, CDP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CDP and QQQ?
The CDP/QQQ correlation stands at 0.11 on a 3-year window (1 year: -0.08, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CDP?
Yes. With a correlation of 0.11, CDP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdp-vs-qqq/)
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Related comparisons
Hubs: CDP correlations · QQQ correlations
