CIA vs QQQ: Correlation
Citizens, Inc. (CIA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIA and QQQ?
Across a 3-year window, the weekly returns of CIA and QQQ correlate at 0.18, weak. The past 12 months show a weaker link (0.01) than the 3-year average (0.18). Stretching to 5 years gives 0.20, with an annualized covariance of 191.9 %².
QQQ is close to the least connected end of CIA's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 54.4 points (-28.1% versus +26.3%). Risk is not evenly split, since CIA carries 2.8 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.
CIA vs QQQ: side by side
| CIA (Citizens, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -28.1% | +26.3% |
| 5-year return | -33.4% | +95.4% |
| Volatility (ann.) | 55.3% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -47.5% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 17.8 | – |
| 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 | CIA | QQQ |
|---|---|---|
| 2022 | -59.9% | -32.6% |
| 2023 | +26.3% | +54.9% |
| 2024 | +49.1% | +25.6% |
| 2025 | +20.4% | +20.8% |
| 2026 | -18.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIA and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, CIA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CIA and QQQ?
The CIA/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.01, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CIA?
Yes. With a correlation of 0.18, CIA and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
A reading of 0.18 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: CIA correlations · QQQ correlations
