CENTA vs QQQ: Correlation
How closely do Central Garden & Pet Company (CENTA) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CENTA and QQQ?
Across a 3-year window, the weekly returns of CENTA and QQQ correlate at 0.12, weak. Little has changed lately, as the 1-year reading of 0.07 lands near the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 68.7 %².
Among the 13 assets we track against CENTA, QQQ sits near the bottom by co-movement, at rank #9. Over the last 12 months QQQ came out ahead by 10.8 percentage points (+15.5% against +26.3%).
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.
CENTA vs QQQ: side by side
| CENTA (Central Garden & Pet Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.5% | +26.3% |
| 5-year return | +10.9% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.42 | 1.28 |
| Max drawdown (3Y) | -35.7% | -22.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.2 | – |
| 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 | CENTA | QQQ |
|---|---|---|
| 2022 | -25.2% | -32.6% |
| 2023 | +23.0% | +54.9% |
| 2024 | -6.2% | +25.6% |
| 2025 | -11.7% | +20.8% |
| 2026 | +29.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CENTA and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, CENTA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CENTA and QQQ?
As of 2026-08-27, the correlation of weekly returns between CENTA and QQQ is 0.12 over 3 years, 0.07 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for CENTA?
Yes. With a correlation of 0.12, CENTA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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/centa-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/centa-vs-qqq/)
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Related comparisons
Hubs: CENTA correlations · QQQ correlations
