CHRW vs QQQ: Correlation
How closely do C.H. Robinson (CHRW) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHRW and QQQ?
Over the past 3 years, CHRW and QQQ moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 165.9 %².
Among the 31 assets we track against CHRW, QQQ ranks #21 by 3-year correlation. On 12-month performance QQQ holds a 6.4-point edge, +19.9% against +26.3%. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.10 to 0.49. One caveat on sizing: CHRW is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CHRW vs QQQ: side by side
| CHRW (C.H. Robinson) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +19.9% | +26.3% |
| 5-year return | +86.8% | +95.4% |
| Volatility (ann.) | 35.7% | 19.6% |
| Beta vs S&P 500 | 0.69 | 1.28 |
| Max drawdown (3Y) | -32.4% | -22.8% |
| Market cap | $17.7B | – |
| P/E (trailing) | 29.0 | – |
| Dividend yield | 1.65% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | CHRW | QQQ |
|---|---|---|
| 2022 | -13.1% | -32.6% |
| 2023 | -3.1% | +54.9% |
| 2024 | +22.9% | +25.6% |
| 2025 | +59.0% | +20.8% |
| 2026 | -5.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHRW and QQQ good diversifiers for each other?
Reasonably. At 0.24, CHRW and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHRW and QQQ?
As of 2026-08-27, the correlation of weekly returns between CHRW and QQQ is 0.24 over 3 years, 0.27 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for CHRW?
Reasonably. At 0.24, CHRW and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
A reading of 0.24 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chrw-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chrw-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CHRW correlations · QQQ correlations
