CGNX vs QQQ: Correlation
Cognex Corporation (CGNX) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CGNX and QQQ?
On 3 years of weekly data the CGNX/QQQ correlation comes out at 0.38, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 336.6 %².
Within CGNX's tracked universe of 16 assets, QQQ comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CGNX outperformed by 16.9 percentage points (+43.2% for CGNX against +26.3% for QQQ). Note the risk asymmetry: CGNX runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CGNX vs QQQ: side by side
| CGNX (Cognex Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +43.2% | +26.3% |
| 5-year return | -27.4% | +95.4% |
| Volatility (ann.) | 45.5% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -55.7% | -22.8% |
| Market cap | $10.6B | – |
| P/E (trailing) | 59.4 | – |
| Dividend yield | 0.54% | 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 | CGNX | QQQ |
|---|---|---|
| 2022 | -39.1% | -32.6% |
| 2023 | -10.8% | +54.9% |
| 2024 | -13.4% | +25.6% |
| 2025 | +1.2% | +20.8% |
| 2026 | +75.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CGNX and QQQ good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CGNX and QQQ?
As of 2026-08-27, the correlation of weekly returns between CGNX and QQQ is 0.38 over 3 years, 0.31 over 1 year and 0.48 over 5 years.
Is QQQ a good diversifier for CGNX?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cgnx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cgnx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CGNX correlations · QQQ correlations
