CMRE vs QQQ: Correlation
How closely do Costamare Inc. (CMRE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMRE and QQQ?
Over the past 3 years, CMRE and QQQ moved with a correlation of 0.25, which is weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.25). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 170.1 %².
QQQ is close to the least connected end of CMRE's tracked universe, ranking #12 of 16. On 12-month performance CMRE holds a 6.5-point edge, +32.8% against +26.3%. Risk is not evenly split, since CMRE carries 1.8 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.
CMRE vs QQQ: side by side
| CMRE (Costamare Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +32.8% | +26.3% |
| 5-year return | +30.5% | +95.4% |
| Volatility (ann.) | 35.3% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -57.8% | -22.8% |
| Market cap | $1.9B | – |
| P/E (trailing) | 5.6 | – |
| Dividend yield | 3.17% | 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 | CMRE | QQQ |
|---|---|---|
| 2022 | -22.8% | -32.6% |
| 2023 | +16.2% | +54.9% |
| 2024 | +26.9% | +25.6% |
| 2025 | +26.5% | +20.8% |
| 2026 | -1.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMRE and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CMRE and QQQ?
As of 2026-08-27, the correlation of weekly returns between CMRE and QQQ is 0.25 over 3 years, 0.05 over 1 year and 0.22 over 5 years.
Is QQQ a good diversifier for CMRE?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/cmre-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmre-vs-qqq/)
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Related comparisons
Hubs: CMRE correlations · QQQ correlations
