CDRE vs QQQ: Correlation
Measured on weekly returns over the past three years, Cadre Holdings, Inc. (CDRE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDRE and QQQ?
Over the past 3 years, CDRE and QQQ moved with a correlation of 0.28, which is weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 199.4 %².
Out of 10 assets tracked against CDRE, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.8 points (+1.5% versus +26.3%). Risk is not evenly split, since CDRE carries 1.9 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.
CDRE vs QQQ: side by side
| CDRE (Cadre Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.5% | +26.3% |
| 5-year return | +116.1% | +95.4% |
| Volatility (ann.) | 36.9% | 19.6% |
| Beta vs S&P 500 | 0.81 | 1.28 |
| Max drawdown (3Y) | -40.6% | -22.8% |
| Market cap | $1.3B | – |
| P/E (trailing) | 38.4 | – |
| Dividend yield | 1.24% | 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 | CDRE | QQQ |
|---|---|---|
| 2022 | -19.7% | -32.6% |
| 2023 | +65.5% | +54.9% |
| 2024 | -0.8% | +25.6% |
| 2025 | +27.8% | +20.8% |
| 2026 | -23.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDRE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CDRE and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.20 over the last year and 0.34 over 5 years.
Is QQQ a good diversifier for CDRE?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 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/cdre-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdre-vs-qqq/)
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Related comparisons
Hubs: CDRE correlations · QQQ correlations
