CLPT vs QQQ: Correlation
How closely do ClearPoint Neuro Inc. (CLPT) 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 CLPT and QQQ?
On 3 years of weekly data the CLPT/QQQ correlation comes out at 0.28, weak. The relationship has been stable: the 1-year correlation (0.26) sits close to the 3-year figure. The 5-year figure is 0.35, and annualized covariance runs at 495.5 %².
QQQ is close to the least connected end of CLPT's tracked universe, ranking #15 of 19. The last year tells two different stories: CLPT led by 23.5 percentage points, +49.8% for CLPT against +26.3% for QQQ. Note the risk asymmetry: CLPT runs 4.7 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.
CLPT vs QQQ: side by side
| CLPT (ClearPoint Neuro Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +49.8% | +26.3% |
| 5-year return | -12.5% | +95.4% |
| Volatility (ann.) | 91.6% | 19.6% |
| Beta vs S&P 500 | 1.76 | 1.28 |
| Max drawdown (3Y) | -70.7% | -22.8% |
| Market cap | $0.5B | – |
| 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 | CLPT | QQQ |
|---|---|---|
| 2022 | -24.5% | -32.6% |
| 2023 | -19.8% | +54.9% |
| 2024 | +126.5% | +25.6% |
| 2025 | -11.1% | +20.8% |
| 2026 | +16.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLPT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLPT and QQQ?
The CLPT/QQQ correlation stands at 0.28 on a 3-year window (1 year: 0.26, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CLPT?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
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
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Related comparisons
Hubs: CLPT correlations · QQQ correlations
