CHNR vs QQQ: Correlation
How closely do China Natural Resources, Inc. (CHNR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHNR and QQQ?
On 3 years of weekly data the CHNR/QQQ correlation comes out at 0.12, weak. The past 12 months show a tighter link (0.24) than the 3-year average (0.12). The 5-year figure is 0.06, and annualized covariance runs at 203.7 %².
QQQ is close to the least connected end of CHNR's tracked universe, ranking #18 of 22. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.1 percentage points (+8.2% for CHNR against +26.3% for QQQ). Note the risk asymmetry: CHNR runs 4.3 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.
CHNR vs QQQ: side by side
| CHNR (China Natural Resources, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.2% | +26.3% |
| 5-year return | -91.7% | +95.4% |
| Volatility (ann.) | 83.4% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -88.4% | -22.8% |
| Market cap | – | – |
| 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 | CHNR | QQQ |
|---|---|---|
| 2022 | -34.5% | -32.6% |
| 2023 | -16.3% | +54.9% |
| 2024 | -57.2% | +25.6% |
| 2025 | -33.8% | +20.8% |
| 2026 | +13.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHNR and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CHNR and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.24 over the last year and 0.06 over 5 years.
Is QQQ a good diversifier for CHNR?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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
$ curl https://www.pairbook.io/api/v1/pairs/chnr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chnr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHNR correlations · QQQ correlations
