CION vs QQQ: Correlation
CION Investment Corporation (CION) 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 CION and QQQ?
On 3 years of weekly data the CION/QQQ correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 213.2 %².
QQQ is close to the least connected end of CION's tracked universe, ranking #18 of 22. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 44.0 percentage points (-17.7% for CION against +26.3% for QQQ). Note the risk asymmetry: CION runs 1.5 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.
CION vs QQQ: side by side
| CION (CION Investment Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -17.7% | +26.3% |
| 5-year return | +26.2% | +95.4% |
| Volatility (ann.) | 30.2% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -40.3% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 123.5 | – |
| Dividend yield | 17.98% | 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 | CION | QQQ |
|---|---|---|
| 2022 | -14.8% | -32.6% |
| 2023 | +35.4% | +54.9% |
| 2024 | +14.8% | +25.6% |
| 2025 | -2.3% | +20.8% |
| 2026 | -14.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CION and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CION and QQQ?
As of 2026-08-27, the correlation of weekly returns between CION and QQQ is 0.36 over 3 years, 0.37 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for CION?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
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/cion-vs-qqq.json
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Related comparisons
Hubs: CION correlations · QQQ correlations
