CMBT vs QQQ: Correlation
How closely do CMB.TECH NV (CMBT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMBT and QQQ?
Across a 3-year window, the weekly returns of CMBT and QQQ correlate at 0.21, weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Stretching to 5 years gives 0.18, with an annualized covariance of 158.0 %².
Out of 10 assets tracked against CMBT, QQQ lands near the bottom at #7. The last year tells two different stories: CMBT led by 117.7 percentage points, +144.0% for CMBT against +26.3% for QQQ. Risk is not evenly split, since CMBT carries 1.9 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.
CMBT vs QQQ: side by side
| CMBT (CMB.TECH NV) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +144.0% | +26.3% |
| 5-year return | +306.2% | +95.4% |
| Volatility (ann.) | 38.0% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -57.2% | -22.8% |
| Market cap | $5.3B | – |
| P/E (trailing) | 10.2 | – |
| 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 | CMBT | QQQ |
|---|---|---|
| 2022 | +93.2% | -32.6% |
| 2023 | +26.3% | +54.9% |
| 2024 | -22.7% | +25.6% |
| 2025 | -2.8% | +20.8% |
| 2026 | +100.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMBT and QQQ good diversifiers for each other?
Reasonably. At 0.21, CMBT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CMBT and QQQ?
As of 2026-08-27, the correlation of weekly returns between CMBT and QQQ is 0.21 over 3 years, 0.26 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for CMBT?
Reasonably. At 0.21, CMBT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 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/cmbt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmbt-vs-qqq/)
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Related comparisons
Hubs: CMBT correlations · QQQ correlations
