CL vs QQQ: Correlation
Measured on weekly returns over the past three years, Colgate-Palmolive (CL) and Invesco QQQ Trust (QQQ) carry a correlation of 0.03, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CL and QQQ?
On 3 years of weekly data the CL/QQQ correlation comes out at 0.03, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.02 lands near the 3-year figure. The 5-year figure is 0.15, and annualized covariance runs at 10.1 %².
Among the 40 assets we track against CL, QQQ ranks #30 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 15.9 points (+10.4% versus +26.3%). Across three years, the rolling one-year figure varied moderately, from -0.11 to 0.25.
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.
CL vs QQQ: side by side
| CL (Colgate-Palmolive) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.4% | +26.3% |
| 5-year return | +32.0% | +95.4% |
| Volatility (ann.) | 16.9% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -29.0% | -22.8% |
| Market cap | $72.5B | – |
| P/E (trailing) | 36.2 | – |
| Dividend yield | 2.27% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | CL | QQQ |
|---|---|---|
| 2022 | -5.4% | -32.6% |
| 2023 | +3.8% | +54.9% |
| 2024 | +16.6% | +25.6% |
| 2025 | -11.0% | +20.8% |
| 2026 | +17.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CL and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between CL and QQQ?
The CL/QQQ correlation stands at 0.03 on a 3-year window (1 year: 0.02, 5 years: 0.15), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CL?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 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.
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Related comparisons
Hubs: CL correlations · QQQ correlations
