CGEN vs QQQ: Correlation
How closely do Compugen Ltd. (CGEN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGEN and QQQ?
On 3 years of weekly data the CGEN/QQQ correlation comes out at 0.22, weak. Recent behaviour matches the longer record: 0.26 over 1 year against 0.22 over 3. The 5-year figure is 0.29, and annualized covariance runs at 412.1 %².
Out of 18 assets tracked against CGEN, QQQ lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months CGEN outperformed by 61.5 percentage points (+87.8% for CGEN against +26.3% for QQQ). Risk is not evenly split, since CGEN carries 4.9 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.
CGEN vs QQQ: side by side
| CGEN (Compugen Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +87.8% | +26.3% |
| 5-year return | -59.2% | +95.4% |
| Volatility (ann.) | 95.6% | 19.6% |
| Beta vs S&P 500 | 1.63 | 1.28 |
| Max drawdown (3Y) | -60.0% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 7.3 | – |
| 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 | CGEN | QQQ |
|---|---|---|
| 2022 | -83.3% | -32.6% |
| 2023 | +175.0% | +54.9% |
| 2024 | -22.7% | +25.6% |
| 2025 | +0.0% | +20.8% |
| 2026 | +80.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGEN and QQQ good diversifiers for each other?
Reasonably. At 0.22, CGEN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CGEN and QQQ?
The CGEN/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.26, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CGEN?
Reasonably. At 0.22, CGEN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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: CGEN correlations · QQQ correlations
