CLPR vs QQQ: Correlation
Clipper Realty Inc. (CLPR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLPR and QQQ?
Across a 3-year window, the weekly returns of CLPR and QQQ correlate at 0.13, weak. The link has tightened recently: the 1-year correlation (0.29) runs above the 3-year figure (0.13). Stretching to 5 years gives 0.22, with an annualized covariance of 119.9 %².
Among the 12 assets we track against CLPR, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: QQQ led by 40.9 percentage points, -14.6% for CLPR against +26.3% for QQQ. One caveat on sizing: CLPR is 2.3 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.
CLPR vs QQQ: side by side
| CLPR (Clipper Realty Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -14.6% | +26.3% |
| 5-year return | -40.2% | +95.4% |
| Volatility (ann.) | 45.5% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -52.3% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 11.31% | 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 | CLPR | QQQ |
|---|---|---|
| 2022 | -32.7% | -32.6% |
| 2023 | -9.5% | +54.9% |
| 2024 | -7.9% | +25.6% |
| 2025 | -8.0% | +20.8% |
| 2026 | -3.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPR and QQQ good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLPR and QQQ?
Using weekly returns as of 2026-08-27: 0.13 over 3 years, with 0.29 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for CLPR?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clpr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clpr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLPR correlations · QQQ correlations
