CGNT vs QQQ: Correlation
Measured on weekly returns over the past three years, Cognyte Software Ltd. (CGNT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNT and QQQ?
Across a 3-year window, the weekly returns of CGNT and QQQ correlate at 0.31, moderate. The link has tightened recently: the 1-year correlation (0.45) runs above the 3-year figure (0.31). Stretching to 5 years gives 0.35, with an annualized covariance of 292.5 %².
By 3-year correlation, QQQ places #8 of the 15 assets tracked against CGNT. The last year tells two different stories: QQQ led by 22.9 percentage points, +3.4% for CGNT against +26.3% for QQQ. Risk is not evenly split, since CGNT carries 2.5 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.
CGNT vs QQQ: side by side
| CGNT (Cognyte Software Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.4% | +26.3% |
| 5-year return | -67.0% | +95.4% |
| Volatility (ann.) | 49.0% | 19.6% |
| Beta vs S&P 500 | 1.00 | 1.28 |
| Max drawdown (3Y) | -44.3% | -22.8% |
| Market cap | $0.7B | – |
| 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 | CGNT | QQQ |
|---|---|---|
| 2022 | -80.2% | -32.6% |
| 2023 | +106.8% | +54.9% |
| 2024 | +34.5% | +25.6% |
| 2025 | +8.7% | +20.8% |
| 2026 | -4.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CGNT and QQQ?
The CGNT/QQQ correlation stands at 0.31 on a 3-year window (1 year: 0.45, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CGNT?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgnt-vs-qqq/)
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Related comparisons
Hubs: CGNT correlations · QQQ correlations
