CHKP vs QQQ: Correlation
Measured on weekly returns over the past three years, Check Point Software Technologies Ltd. (CHKP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHKP and QQQ?
On 3 years of weekly data the CHKP/QQQ correlation comes out at 0.15, weak. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.15 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 87.6 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against CHKP. Correlation aside, the last 12 months split them widely, with QQQ ahead by 56.4 points (-30.1% versus +26.3%).
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.
CHKP vs QQQ: side by side
| CHKP (Check Point Software Technologies Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -30.1% | +26.3% |
| 5-year return | +5.2% | +95.4% |
| Volatility (ann.) | 29.0% | 19.6% |
| Beta vs S&P 500 | 0.41 | 1.28 |
| Max drawdown (3Y) | -51.8% | -22.8% |
| Market cap | $13.6B | – |
| P/E (trailing) | 13.2 | – |
| 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 | CHKP | QQQ |
|---|---|---|
| 2022 | +8.2% | -32.6% |
| 2023 | +21.1% | +54.9% |
| 2024 | +22.2% | +25.6% |
| 2025 | -0.6% | +20.8% |
| 2026 | -28.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHKP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHKP and QQQ?
The CHKP/QQQ correlation stands at 0.15 on a 3-year window (1 year: 0.01, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CHKP?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
A reading of 0.15 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: CHKP correlations · QQQ correlations
