CDZI vs QQQ: Correlation
Measured on weekly returns over the past three years, Cadiz, Inc. (CDZI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CDZI and QQQ?
On 3 years of weekly data the CDZI/QQQ correlation comes out at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 359.8 %².
QQQ is close to the least connected end of CDZI's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.4 percentage points (+7.9% for CDZI against +26.3% for QQQ). One caveat on sizing: CDZI is 3.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CDZI vs QQQ: side by side
| CDZI (Cadiz, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.9% | +26.3% |
| 5-year return | -70.6% | +95.4% |
| Volatility (ann.) | 61.2% | 19.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -56.9% | -22.8% |
| Market cap | $0.3B | – |
| 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 | CDZI | QQQ |
|---|---|---|
| 2022 | -35.2% | -32.6% |
| 2023 | +12.0% | +54.9% |
| 2024 | +85.7% | +25.6% |
| 2025 | +7.9% | +20.8% |
| 2026 | -29.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CDZI and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CDZI and QQQ?
The CDZI/QQQ correlation stands at 0.30 on a 3-year window (1 year: 0.33, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CDZI?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cdzi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cdzi-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CDZI correlations · QQQ correlations
