CIFR vs QQQ: Correlation
Cipher Digital Inc. (CIFR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIFR and QQQ?
On 3 years of weekly data the CIFR/QQQ correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 810.5 %².
Among the 18 assets we track against CIFR, QQQ ranks #13 by 3-year correlation. The last year tells two different stories: CIFR led by 113.6 percentage points, +139.9% for CIFR against +26.3% for QQQ. Note the risk asymmetry: CIFR runs 5.8 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.
CIFR vs QQQ: side by side
| CIFR (Cipher Digital Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +139.9% | +26.3% |
| 5-year return | +63.3% | +95.4% |
| Volatility (ann.) | 114.3% | 19.6% |
| Beta vs S&P 500 | 2.86 | 1.28 |
| Max drawdown (3Y) | -71.7% | -22.8% |
| Market cap | $7.0B | – |
| 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 | CIFR | QQQ |
|---|---|---|
| 2022 | -87.9% | -32.6% |
| 2023 | +637.5% | +54.9% |
| 2024 | +12.3% | +25.6% |
| 2025 | +218.1% | +20.8% |
| 2026 | +13.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIFR and QQQ good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CIFR and QQQ?
As of 2026-08-27, the correlation of weekly returns between CIFR and QQQ is 0.36 over 3 years, 0.34 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for CIFR?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/cifr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cifr-vs-qqq/)
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Related comparisons
Hubs: CIFR correlations · QQQ correlations
