CLX vs QQQ: Correlation
Measured on weekly returns over the past three years, Clorox (CLX) 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 CLX and QQQ?
On 3 years of weekly data the CLX/QQQ correlation comes out at 0.15, weak. Recent behaviour matches the longer record: 0.13 over 1 year against 0.15 over 3. The 5-year figure is 0.24, and annualized covariance runs at 72.9 %².
Among the 32 assets we track against CLX, QQQ ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 35.1 points (-8.8% versus +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.12 to 0.38.
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.
CLX vs QQQ: side by side
| CLX (Clorox) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -8.8% | +26.3% |
| 5-year return | -26.0% | +95.4% |
| Volatility (ann.) | 24.4% | 19.6% |
| Beta vs S&P 500 | 0.39 | 1.28 |
| Max drawdown (3Y) | -46.1% | -22.8% |
| Market cap | $12.5B | – |
| P/E (trailing) | 21.7 | – |
| Dividend yield | 4.77% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | CLX | QQQ |
|---|---|---|
| 2022 | -17.0% | -32.6% |
| 2023 | +5.0% | +54.9% |
| 2024 | +17.7% | +25.6% |
| 2025 | -35.6% | +20.8% |
| 2026 | +6.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLX 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 CLX and QQQ?
As of 2026-08-27, the correlation of weekly returns between CLX and QQQ is 0.15 over 3 years, 0.13 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for CLX?
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?
A reading of 0.15 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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[](https://www.pairbook.io/pair/clx-vs-qqq/)
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Related comparisons
Hubs: CLX correlations · QQQ correlations
