CDT vs QQQ: Correlation
How closely do CDT Equity Inc. (CDT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDT and QQQ?
Over the past 3 years, CDT and QQQ moved with a correlation of -0.03, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.08) sits close to the 3-year figure. Over 5 years the correlation is -0.02, and the annualized covariance of weekly returns is -293.1 %².
Within CDT's tracked universe of 20 assets, QQQ comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 125.6 percentage points (-99.3% for CDT against +26.3% for QQQ). Note the risk asymmetry: CDT runs 27.9 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.
CDT vs QQQ: side by side
| CDT (CDT Equity Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.3% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 546.1% | 19.6% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| 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 | CDT | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -55.6% | +54.9% |
| 2024 | -98.5% | +25.6% |
| 2025 | -99.8% | +20.8% |
| 2026 | -94.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDT and QQQ good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CDT and QQQ?
As of 2026-08-27, the correlation of weekly returns between CDT and QQQ is -0.03 over 3 years, -0.08 over 1 year and -0.02 over 5 years.
Is QQQ a good diversifier for CDT?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 mean?
On the −1 to +1 scale, -0.03 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/cdt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdt-vs-qqq/)
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Related comparisons
Hubs: CDT correlations · QQQ correlations
