CIM vs QQQ: Correlation
Measured on weekly returns over the past three years, Chimera Investment Corporation (CIM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIM and QQQ?
Across a 3-year window, the weekly returns of CIM and QQQ correlate at 0.27, weak. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 153.3 %².
QQQ is close to the least connected end of CIM's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 33.2 points (-6.9% versus +26.3%).
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.
CIM vs QQQ: side by side
| CIM (Chimera Investment Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.9% | +26.3% |
| 5-year return | -54.1% | +95.4% |
| Volatility (ann.) | 29.4% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -33.1% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 14.29% | 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 | CIM | QQQ |
|---|---|---|
| 2022 | -57.9% | -32.6% |
| 2023 | +2.9% | +54.9% |
| 2024 | +3.6% | +25.6% |
| 2025 | -0.6% | +20.8% |
| 2026 | -0.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIM and QQQ good diversifiers for each other?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CIM and QQQ?
The CIM/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.23, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CIM?
A fair diversifier. At 0.27, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.27 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/cim-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cim-vs-qqq/)
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Related comparisons
Hubs: CIM correlations · QQQ correlations
