CMTG vs QQQ: Correlation
How closely do Claros Mortgage Trust, Inc. (CMTG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMTG and QQQ?
Across a 3-year window, the weekly returns of CMTG and QQQ correlate at 0.18, weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 216.9 %².
Among the 11 assets we track against CMTG, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 79.0 points (-52.7% versus +26.3%). One caveat on sizing: CMTG is 3.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CMTG vs QQQ: side by side
| CMTG (Claros Mortgage Trust, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.7% | +26.3% |
| 5-year return | -87.0% | +95.4% |
| Volatility (ann.) | 62.4% | 19.6% |
| Beta vs S&P 500 | 0.90 | 1.28 |
| Max drawdown (3Y) | -87.6% | -22.8% |
| Market cap | $0.2B | – |
| 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 | CMTG | QQQ |
|---|---|---|
| 2022 | -1.4% | -32.6% |
| 2023 | +2.8% | +54.9% |
| 2024 | -64.4% | +25.6% |
| 2025 | -32.3% | +20.8% |
| 2026 | -46.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMTG and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, CMTG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CMTG and QQQ?
As of 2026-08-27, the correlation of weekly returns between CMTG and QQQ is 0.18 over 3 years, 0.25 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for CMTG?
Yes. With a correlation of 0.18, CMTG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 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.
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Related comparisons
Hubs: CMTG correlations · QQQ correlations
