CINF vs QQQ: Correlation
Measured on weekly returns over the past three years, Cincinnati Financial (CINF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CINF and QQQ?
Over the past 3 years, CINF and QQQ moved with a correlation of 0.06, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.16 versus 0.06 over 3 years. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 25.8 %².
Among the 49 assets we track against CINF, QQQ ranks #39 by 3-year correlation. Over the last 12 months QQQ came out ahead by 11.8 percentage points (+14.5% against +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.29 to 0.41.
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.
CINF vs QQQ: side by side
| CINF (Cincinnati Financial) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.5% | +26.3% |
| 5-year return | +58.8% | +95.4% |
| Volatility (ann.) | 21.6% | 19.6% |
| Beta vs S&P 500 | 0.36 | 1.28 |
| Max drawdown (3Y) | -20.0% | -22.8% |
| Market cap | $26.5B | – |
| P/E (trailing) | 8.1 | – |
| Dividend yield | 2.10% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | CINF | QQQ |
|---|---|---|
| 2022 | -7.9% | -32.6% |
| 2023 | +4.0% | +54.9% |
| 2024 | +42.5% | +25.6% |
| 2025 | +16.3% | +20.8% |
| 2026 | +6.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CINF and QQQ good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CINF and QQQ?
The CINF/QQQ correlation stands at 0.06 on a 3-year window (1 year: -0.16, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CINF?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
A reading of 0.06 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: CINF correlations · QQQ correlations
