CMP vs QQQ: Correlation
Compass Minerals Intl Inc (CMP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMP and QQQ?
Over the past 3 years, CMP and QQQ moved with a correlation of 0.21, which is weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.21 over 3. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 231.6 %².
QQQ is close to the least connected end of CMP's tracked universe, ranking #7 of 10. Their 12-month results are close: +30.8% for CMP against +26.3% for QQQ. Risk is not evenly split, since CMP carries 2.8 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.
CMP vs QQQ: side by side
| CMP (Compass Minerals Intl Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +30.8% | +26.3% |
| 5-year return | -60.3% | +95.4% |
| Volatility (ann.) | 55.5% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -74.2% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 59.4 | – |
| 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 | CMP | QQQ |
|---|---|---|
| 2022 | -18.7% | -32.6% |
| 2023 | -37.0% | +54.9% |
| 2024 | -55.3% | +25.6% |
| 2025 | +74.6% | +20.8% |
| 2026 | +27.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMP and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMP and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with 0.23 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for CMP?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 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/cmp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmp-vs-qqq/)
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Related comparisons
Hubs: CMP correlations · QQQ correlations
