CLAR vs QQQ: Correlation
How closely do Clarus Corporation (CLAR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLAR and QQQ?
Across a 3-year window, the weekly returns of CLAR and QQQ correlate at 0.28, weak. The past 12 months show a tighter link (0.45) than the 3-year average (0.28). Stretching to 5 years gives 0.32, with an annualized covariance of 242.3 %².
Among the 11 assets we track against CLAR, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 21.0 points (+5.3% versus +26.3%). Risk is not evenly split, since CLAR carries 2.3 times the volatility of the other side.
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.
CLAR vs QQQ: side by side
| CLAR (Clarus Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.3% | +26.3% |
| 5-year return | -85.0% | +95.4% |
| Volatility (ann.) | 44.2% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -64.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.68% | 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 | CLAR | QQQ |
|---|---|---|
| 2022 | -71.5% | -32.6% |
| 2023 | -10.8% | +54.9% |
| 2024 | -33.4% | +25.6% |
| 2025 | -23.6% | +20.8% |
| 2026 | +15.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLAR and QQQ good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CLAR and QQQ?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.45 over the last year and 0.32 over 5 years.
Is QQQ a good diversifier for CLAR?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clar-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clar-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLAR correlations · QQQ correlations
