CHTR vs QQQ: Correlation
How closely do Charter Communications (CHTR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHTR and QQQ?
Across a 3-year window, the weekly returns of CHTR and QQQ correlate at 0.16, weak. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.16). Stretching to 5 years gives 0.27, with an annualized covariance of 127.1 %².
By 3-year correlation, QQQ places #25 of the 35 assets tracked against CHTR. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 71.2 percentage points (-44.9% for CHTR against +26.3% for QQQ). The relationship is regime-dependent: the rolling one-year correlation swung between -0.15 and 0.55 over the past three years, so this pair behaves very differently depending on the market environment. Risk is not evenly split, since CHTR carries 2.1 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.
CHTR vs QQQ: side by side
| CHTR (Charter Communications) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -44.9% | +26.3% |
| 5-year return | -81.8% | +95.4% |
| Volatility (ann.) | 41.3% | 19.6% |
| Beta vs S&P 500 | 0.74 | 1.28 |
| Max drawdown (3Y) | -72.9% | -22.8% |
| Market cap | $20.0B | – |
| P/E (trailing) | 4.0 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Communication Services | 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 | CHTR | QQQ |
|---|---|---|
| 2022 | -48.0% | -32.6% |
| 2023 | +14.6% | +54.9% |
| 2024 | -11.8% | +25.6% |
| 2025 | -39.1% | +20.8% |
| 2026 | -28.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHTR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between CHTR and QQQ?
As of 2026-08-27, the correlation of weekly returns between CHTR and QQQ is 0.16 over 3 years, -0.01 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for CHTR?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/chtr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/chtr-vs-qqq/)
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Related comparisons
Hubs: CHTR correlations · QQQ correlations
