CLGN vs QQQ: Correlation
CollPlant Biotechnologies Ltd. (CLGN) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLGN and QQQ?
On 3 years of weekly data the CLGN/QQQ correlation comes out at 0.08, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.06 lands near the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 133.5 %².
Out of 10 assets tracked against CLGN, QQQ lands near the bottom at #6. The last year tells two different stories: QQQ led by 116.3 percentage points, -90.0% for CLGN against +26.3% for QQQ. One caveat on sizing: CLGN is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLGN vs QQQ: side by side
| CLGN (CollPlant Biotechnologies Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -90.0% | +26.3% |
| 5-year return | -98.3% | +95.4% |
| Volatility (ann.) | 87.8% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -96.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | CLGN | QQQ |
|---|---|---|
| 2022 | -49.0% | -32.6% |
| 2023 | -23.5% | +54.9% |
| 2024 | -43.7% | +25.6% |
| 2025 | -61.1% | +20.8% |
| 2026 | -79.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLGN and QQQ good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLGN and QQQ?
As of 2026-08-27, the correlation of weekly returns between CLGN and QQQ is 0.08 over 3 years, 0.06 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for CLGN?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
A reading of 0.08 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: CLGN correlations · QQQ correlations
