CHCI vs QQQ: Correlation
Measured on weekly returns over the past three years, Comstock Holding Companies, Inc. (CHCI) and Invesco QQQ Trust (QQQ) carry a correlation of -0.07, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHCI and QQQ?
Across a 3-year window, the weekly returns of CHCI and QQQ correlate at -0.07, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Stretching to 5 years gives 0.04, with an annualized covariance of -75.3 %².
QQQ is close to the least connected end of CHCI's tracked universe, ranking #7 of 10. The trailing year gives QQQ the advantage: +14.1% versus +26.3%, a 12.2-point spread. Note the risk asymmetry: CHCI runs 2.9 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.
CHCI vs QQQ: side by side
| CHCI (Comstock Holding Companies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.1% | +26.3% |
| 5-year return | +236.2% | +95.4% |
| Volatility (ann.) | 56.1% | 19.6% |
| Beta vs S&P 500 | -0.23 | 1.28 |
| Max drawdown (3Y) | -47.9% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 8.4 | – |
| 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 | CHCI | QQQ |
|---|---|---|
| 2022 | -12.4% | -32.6% |
| 2023 | +4.2% | +54.9% |
| 2024 | +82.4% | +25.6% |
| 2025 | +43.8% | +20.8% |
| 2026 | +71.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHCI and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHCI and QQQ?
The CHCI/QQQ correlation stands at -0.07 on a 3-year window (1 year: -0.14, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CHCI?
By historical standards, yes. A correlation of -0.07 means the two rarely move for the same reasons.
What does a correlation of -0.07 mean?
A reading of -0.07 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CHCI correlations · QQQ correlations
