CMPS vs QQQ: Correlation
COMPASS Pathways Plc - American Depository Shares (CMPS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPS and QQQ?
Across a 3-year window, the weekly returns of CMPS and QQQ correlate at 0.30, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.30 over 3. Stretching to 5 years gives 0.36, with an annualized covariance of 462.7 %².
QQQ is close to the least connected end of CMPS's tracked universe, ranking #10 of 13. Their recent paths diverged sharply: over the last 12 months CMPS outperformed by 183.9 percentage points (+210.2% for CMPS against +26.3% for QQQ). Note the risk asymmetry: CMPS runs 4.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CMPS vs QQQ: side by side
| CMPS (COMPASS Pathways Plc - American Depository Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +210.2% | +26.3% |
| 5-year return | -55.2% | +95.4% |
| Volatility (ann.) | 79.7% | 19.6% |
| Beta vs S&P 500 | 1.72 | 1.28 |
| Max drawdown (3Y) | -81.0% | -22.8% |
| Market cap | $2.0B | – |
| 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 | CMPS | QQQ |
|---|---|---|
| 2022 | -63.7% | -32.6% |
| 2023 | +9.0% | +54.9% |
| 2024 | -56.8% | +25.6% |
| 2025 | +82.5% | +20.8% |
| 2026 | +112.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMPS and QQQ?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.38 over the last year and 0.36 over 5 years.
Is QQQ a good diversifier for CMPS?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/cmps-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmps-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMPS correlations · QQQ correlations
