CIGI vs QQQ: Correlation
Measured on weekly returns over the past three years, Colliers International Group Inc. - Subordinate Voting (CIGI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIGI and QQQ?
Over the past 3 years, CIGI and QQQ moved with a correlation of 0.34, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.34 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 202.8 %².
Out of 14 assets tracked against CIGI, QQQ lands near the bottom at #11. The last year tells two different stories: QQQ led by 64.2 percentage points, -37.9% for CIGI against +26.3% for QQQ. One caveat on sizing: CIGI is 1.6 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.
CIGI vs QQQ: side by side
| CIGI (Colliers International Group Inc. - Subordinate Voting) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -37.9% | +26.3% |
| 5-year return | -24.2% | +95.4% |
| Volatility (ann.) | 30.6% | 19.6% |
| Beta vs S&P 500 | 0.98 | 1.28 |
| Max drawdown (3Y) | -47.5% | -22.8% |
| Market cap | $5.3B | – |
| P/E (trailing) | 48.8 | – |
| Dividend yield | 0.29% | 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 | CIGI | QQQ |
|---|---|---|
| 2022 | -37.9% | -32.6% |
| 2023 | +37.8% | +54.9% |
| 2024 | +7.7% | +25.6% |
| 2025 | +8.4% | +20.8% |
| 2026 | -29.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIGI and QQQ good diversifiers for each other?
Reasonably. At 0.34, CIGI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CIGI and QQQ?
As of 2026-08-27, the correlation of weekly returns between CIGI and QQQ is 0.34 over 3 years, 0.23 over 1 year and 0.45 over 5 years.
Is QQQ a good diversifier for CIGI?
Reasonably. At 0.34, CIGI and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cigi-vs-qqq/)
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Related comparisons
Hubs: CIGI correlations · QQQ correlations
