CLRO vs QQQ: Correlation
Measured on weekly returns over the past three years, ClearOne, Inc. (CLRO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLRO and QQQ?
Across a 3-year window, the weekly returns of CLRO and QQQ correlate at 0.15, weak. The past 12 months show a tighter link (0.29) than the 3-year average (0.15). Stretching to 5 years gives 0.13, with an annualized covariance of 472.4 %².
Among the 13 assets we track against CLRO, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with CLRO ahead by 24.8 points (+51.1% versus +26.3%). Note the risk asymmetry: CLRO runs 8.5 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.
CLRO vs QQQ: side by side
| CLRO (ClearOne, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +51.1% | +26.3% |
| 5-year return | -59.8% | +95.4% |
| Volatility (ann.) | 165.8% | 19.6% |
| Beta vs S&P 500 | 2.00 | 1.28 |
| Max drawdown (3Y) | -87.2% | -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 | CLRO | QQQ |
|---|---|---|
| 2022 | +17.8% | -32.6% |
| 2023 | +26.6% | +54.9% |
| 2024 | +5.4% | +25.6% |
| 2025 | -56.5% | +20.8% |
| 2026 | +17.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLRO and QQQ good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLRO and QQQ?
The CLRO/QQQ correlation stands at 0.15 on a 3-year window (1 year: 0.29, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CLRO?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 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/clro-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clro-vs-qqq/)
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Related comparisons
Hubs: CLRO correlations · QQQ correlations
