CLYM vs QQQ: Correlation
How closely do Climb Bio, Inc. (CLYM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and QQQ?
Across a 3-year window, the weekly returns of CLYM and QQQ correlate at 0.12, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.12 over 3. Stretching to 5 years gives 0.07, with an annualized covariance of 317.6 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against CLYM. Correlation aside, the last 12 months split them widely, with CLYM ahead by 532.8 points (+559.1% versus +26.3%). One caveat on sizing: CLYM is 6.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CLYM vs QQQ: side by side
| CLYM (Climb Bio, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +559.1% | +26.3% |
| 5-year return | -46.2% | +95.4% |
| Volatility (ann.) | 132.2% | 19.6% |
| Beta vs S&P 500 | 1.11 | 1.28 |
| Max drawdown (3Y) | -88.9% | -22.8% |
| Market cap | $0.9B | – |
| 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 | CLYM | QQQ |
|---|---|---|
| 2022 | -64.9% | -32.6% |
| 2023 | -26.4% | +54.9% |
| 2024 | -33.3% | +25.6% |
| 2025 | +122.2% | +20.8% |
| 2026 | +276.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CLYM and QQQ?
The CLYM/QQQ correlation stands at 0.12 on a 3-year window (1 year: 0.18, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CLYM?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/clym-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/clym-vs-qqq/)
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Related comparisons
Hubs: CLYM correlations · QQQ correlations
