CLRB vs QQQ: Correlation
Cellectar Biosciences, Inc. (CLRB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRB and QQQ?
Across a 3-year window, the weekly returns of CLRB and QQQ correlate at 0.20, weak. Recent behaviour matches the longer record: 0.28 over 1 year against 0.20 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 371.2 %².
QQQ is close to the least connected end of CLRB's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 73.6 percentage points, -47.3% for CLRB against +26.3% for QQQ. Note the risk asymmetry: CLRB runs 5.0 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.
CLRB vs QQQ: side by side
| CLRB (Cellectar Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -47.3% | +26.3% |
| 5-year return | -99.1% | +95.4% |
| Volatility (ann.) | 97.2% | 19.6% |
| Beta vs S&P 500 | 1.43 | 1.28 |
| Max drawdown (3Y) | -98.2% | -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 | CLRB | QQQ |
|---|---|---|
| 2022 | -74.1% | -32.6% |
| 2023 | +62.0% | +54.9% |
| 2024 | -89.2% | +25.6% |
| 2025 | -67.2% | +20.8% |
| 2026 | -13.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRB and QQQ good diversifiers for each other?
Reasonably. At 0.20, CLRB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLRB and QQQ?
The CLRB/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.28, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CLRB?
Reasonably. At 0.20, CLRB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clrb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clrb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLRB correlations · QQQ correlations
