CMPX vs QQQ: Correlation
How closely do Compass Therapeutics, Inc. (CMPX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMPX and QQQ?
On 3 years of weekly data the CMPX/QQQ correlation comes out at 0.23, weak. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.23 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at 392.1 %².
QQQ is close to the least connected end of CMPX's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 49.5 percentage points, -23.2% for CMPX against +26.3% for QQQ. Risk is not evenly split, since CMPX carries 4.4 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.
CMPX vs QQQ: side by side
| CMPX (Compass Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -23.2% | +26.3% |
| 5-year return | -37.8% | +95.4% |
| Volatility (ann.) | 85.8% | 19.6% |
| Beta vs S&P 500 | 1.92 | 1.28 |
| Max drawdown (3Y) | -75.0% | -22.8% |
| Market cap | $0.5B | – |
| 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 | CMPX | QQQ |
|---|---|---|
| 2022 | +58.7% | -32.6% |
| 2023 | -69.0% | +54.9% |
| 2024 | -7.1% | +25.6% |
| 2025 | +270.3% | +20.8% |
| 2026 | -53.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMPX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CMPX and QQQ?
As of 2026-08-27, the correlation of weekly returns between CMPX and QQQ is 0.23 over 3 years, 0.09 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for CMPX?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cmpx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmpx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMPX correlations · QQQ correlations
