CELH vs QQQ: Correlation
Measured on weekly returns over the past three years, Celsius Holdings, Inc. (CELH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CELH and QQQ?
Across a 3-year window, the weekly returns of CELH and QQQ correlate at 0.24, weak. Lately the two have moved closer together, with the 1-year correlation at 0.35 versus 0.24 over 3 years. Stretching to 5 years gives 0.37, with an annualized covariance of 314.8 %².
Among the 12 assets we track against CELH, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 71.1 points (-44.8% versus +26.3%). One caveat on sizing: CELH is 3.4 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.
CELH vs QQQ: side by side
| CELH (Celsius Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -44.8% | +26.3% |
| 5-year return | +24.3% | +95.4% |
| Volatility (ann.) | 66.5% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -77.9% | -22.8% |
| Market cap | $8.3B | – |
| P/E (trailing) | 143.4 | – |
| 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 | CELH | QQQ |
|---|---|---|
| 2022 | +39.5% | -32.6% |
| 2023 | +57.2% | +54.9% |
| 2024 | -51.7% | +25.6% |
| 2025 | +73.7% | +20.8% |
| 2026 | -27.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CELH and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CELH and QQQ?
The CELH/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.35, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CELH?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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Related comparisons
Hubs: CELH correlations · QQQ correlations
