CHT vs QQQ: Correlation
How closely do Chunghwa Telecom Co., Ltd. (CHT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHT and QQQ?
On 3 years of weekly data the CHT/QQQ correlation comes out at 0.22, weak. The past 12 months show a weaker link (0.09) than the 3-year average (0.22). The 5-year figure is 0.32, and annualized covariance runs at 51.0 %².
Among the 11 assets we track against CHT, QQQ sits near the bottom by co-movement, at rank #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 24.7 percentage points (+1.6% for CHT against +26.3% for QQQ). Risk is not evenly split, since QQQ carries 1.6 times the volatility of the other side.
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.
CHT vs QQQ: side by side
| CHT (Chunghwa Telecom Co., Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.6% | +26.3% |
| 5-year return | +29.5% | +95.4% |
| Volatility (ann.) | 11.9% | 19.6% |
| Beta vs S&P 500 | 0.20 | 1.28 |
| Max drawdown (3Y) | -11.0% | -22.8% |
| Market cap | $33.3B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 12.12% | 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 | CHT | QQQ |
|---|---|---|
| 2022 | -10.0% | -32.6% |
| 2023 | +11.1% | +54.9% |
| 2024 | +0.2% | +25.6% |
| 2025 | +14.9% | +20.8% |
| 2026 | +7.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHT and QQQ good diversifiers for each other?
Reasonably. At 0.22, CHT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CHT and QQQ?
As of 2026-08-27, the correlation of weekly returns between CHT and QQQ is 0.22 over 3 years, 0.09 over 1 year and 0.32 over 5 years.
Is QQQ a good diversifier for CHT?
Reasonably. At 0.22, CHT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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/cht-vs-qqq.json
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Related comparisons
Hubs: CHT correlations · QQQ correlations
