CHD vs QQQ: Correlation
Church & Dwight (CHD) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHD and QQQ?
On 3 years of weekly data the CHD/QQQ correlation comes out at -0.04, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.01 over 1 year against -0.04 over 3. The 5-year figure is 0.19, and annualized covariance runs at -14.4 %².
Among the 27 assets we track against CHD, QQQ ranks #17 by 3-year correlation. On 12-month performance QQQ holds a 14.8-point edge, +11.5% against +26.3%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.12 to 0.45.
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.
CHD vs QQQ: side by side
| CHD (Church & Dwight) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.5% | +26.3% |
| 5-year return | +30.0% | +95.4% |
| Volatility (ann.) | 17.6% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -27.3% | -22.8% |
| Market cap | $24.3B | – |
| P/E (trailing) | 33.0 | – |
| Dividend yield | 1.17% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | CHD | QQQ |
|---|---|---|
| 2022 | -20.4% | -32.6% |
| 2023 | +18.7% | +54.9% |
| 2024 | +12.0% | +25.6% |
| 2025 | -18.9% | +20.8% |
| 2026 | +23.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHD and QQQ good diversifiers for each other?
Yes. With a correlation of -0.04, CHD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CHD and QQQ?
As of 2026-08-27, the correlation of weekly returns between CHD and QQQ is -0.04 over 3 years, 0.01 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for CHD?
Yes. With a correlation of -0.04, CHD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.04 mean?
A reading of -0.04 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: CHD correlations · QQQ correlations
