CFFN vs QQQ: Correlation
Capitol Federal Financial, Inc. (CFFN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFFN and QQQ?
Across a 3-year window, the weekly returns of CFFN and QQQ correlate at 0.26, weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.26). Stretching to 5 years gives 0.26, with an annualized covariance of 155.7 %².
QQQ is close to the least connected end of CFFN's tracked universe, ranking #11 of 14. On 12-month performance CFFN holds a 14.7-point edge, +41.0% against +26.3%. Risk is not evenly split, since CFFN carries 1.6 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.
CFFN vs QQQ: side by side
| CFFN (Capitol Federal Financial, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.0% | +26.3% |
| 5-year return | +4.8% | +95.4% |
| Volatility (ann.) | 30.6% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -29.0% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 3.93% | 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 | CFFN | QQQ |
|---|---|---|
| 2022 | -16.3% | -32.6% |
| 2023 | -21.2% | +54.9% |
| 2024 | -2.9% | +25.6% |
| 2025 | +22.0% | +20.8% |
| 2026 | +31.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFFN and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CFFN and QQQ?
The CFFN/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.09, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CFFN?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 mean?
A reading of 0.26 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/cffn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cffn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFFN correlations · QQQ correlations
