CE vs QQQ: Correlation
Celanese Corporation (CE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CE and QQQ?
Across a 3-year window, the weekly returns of CE and QQQ correlate at 0.15, weak. The past 12 months show a weaker link (-0.13) than the 3-year average (0.15). Stretching to 5 years gives 0.31, with an annualized covariance of 146.0 %².
Out of 14 assets tracked against CE, QQQ lands near the bottom at #11. The last year tells two different stories: QQQ led by 30.9 percentage points, -4.6% for CE against +26.3% for QQQ. Note the risk asymmetry: CE runs 2.5 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.
CE vs QQQ: side by side
| CE (Celanese Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.6% | +26.3% |
| 5-year return | -69.7% | +95.4% |
| Volatility (ann.) | 49.7% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -79.0% | -22.8% |
| Market cap | $4.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.27% | 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 | CE | QQQ |
|---|---|---|
| 2022 | -37.8% | -32.6% |
| 2023 | +55.7% | +54.9% |
| 2024 | -54.6% | +25.6% |
| 2025 | -38.8% | +20.8% |
| 2026 | +6.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, CE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CE and QQQ?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with -0.13 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for CE?
Yes. With a correlation of 0.15, CE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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/ce-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ce-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CE correlations · QQQ correlations
