CLSK vs QQQ: Correlation
CleanSpark, Inc. (CLSK) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLSK and QQQ?
On 3 years of weekly data the CLSK/QQQ correlation comes out at 0.29, weak. The past 12 months show a tighter link (0.41) than the 3-year average (0.29). The 5-year figure is 0.36, and annualized covariance runs at 590.4 %².
Out of 15 assets tracked against CLSK, QQQ lands near the bottom at #11. The trailing year gives CLSK the advantage: +35.2% versus +26.3%, a 8.9-point spread. Risk is not evenly split, since CLSK carries 5.3 times the volatility of the other side.
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.
CLSK vs QQQ: side by side
| CLSK (CleanSpark, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.2% | +26.3% |
| 5-year return | -5.1% | +95.4% |
| Volatility (ann.) | 104.3% | 19.6% |
| Beta vs S&P 500 | 2.12 | 1.28 |
| Max drawdown (3Y) | -71.3% | -22.8% |
| Market cap | $3.3B | – |
| 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 | CLSK | QQQ |
|---|---|---|
| 2022 | -78.6% | -32.6% |
| 2023 | +440.7% | +54.9% |
| 2024 | -16.5% | +25.6% |
| 2025 | +9.9% | +20.8% |
| 2026 | +28.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLSK and QQQ good diversifiers for each other?
Reasonably. At 0.29, CLSK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CLSK and QQQ?
The CLSK/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.41, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CLSK?
Reasonably. At 0.29, CLSK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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
$ curl https://www.pairbook.io/api/v1/pairs/clsk-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clsk-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CLSK correlations · QQQ correlations
