CEVA vs QQQ: Correlation
Measured on weekly returns over the past three years, CEVA, Inc. (CEVA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CEVA and QQQ?
Across a 3-year window, the weekly returns of CEVA and QQQ correlate at 0.62, strong. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 693.2 %².
By 3-year correlation, QQQ places #4 of the 12 assets tracked against CEVA. Twelve-month performance is nearly a tie, at +25.8% for CEVA and +26.3% for QQQ. Risk is not evenly split, since CEVA carries 2.9 times the volatility of the other side.
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.
CEVA vs QQQ: side by side
| CEVA (CEVA, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.8% | +26.3% |
| 5-year return | -40.9% | +95.4% |
| Volatility (ann.) | 57.4% | 19.6% |
| Beta vs S&P 500 | 2.37 | 1.28 |
| Max drawdown (3Y) | -55.2% | -22.8% |
| Market cap | $0.8B | – |
| 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 | CEVA | QQQ |
|---|---|---|
| 2022 | -40.8% | -32.6% |
| 2023 | -11.2% | +54.9% |
| 2024 | +38.9% | +25.6% |
| 2025 | -31.8% | +20.8% |
| 2026 | +32.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CEVA and QQQ good diversifiers for each other?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CEVA and QQQ?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.61 over the last year and 0.59 over 5 years.
Is QQQ a good diversifier for CEVA?
Somewhat, no more. With 0.62 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.62 mean?
A reading of 0.62 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/ceva-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ceva-vs-qqq/)
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Related comparisons
Hubs: CEVA correlations · QQQ correlations
