CNCK vs QQQ: Correlation
Measured on weekly returns over the past three years, Coincheck Group N.V. (CNCK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNCK and QQQ?
Over the past 3 years, CNCK and QQQ moved with a correlation of 0.15, which is weak. The relationship has been stable: the 1-year correlation (0.16) sits close to the 3-year figure. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 275.7 %².
QQQ is close to the least connected end of CNCK's tracked universe, ranking #10 of 14. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 86.0 percentage points (-59.7% for CNCK against +26.3% for QQQ). Risk is not evenly split, since CNCK carries 4.6 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.
CNCK vs QQQ: side by side
| CNCK (Coincheck Group N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -59.7% | +26.3% |
| 5-year return | -78.6% | +95.4% |
| Volatility (ann.) | 91.0% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -89.9% | -22.8% |
| Market cap | $0.4B | – |
| 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 | CNCK | QQQ |
|---|---|---|
| 2022 | +1.8% | -32.6% |
| 2023 | +2.9% | +54.9% |
| 2024 | -13.0% | +25.6% |
| 2025 | -71.7% | +20.8% |
| 2026 | -17.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNCK and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, CNCK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNCK and QQQ?
As of 2026-08-27, the correlation of weekly returns between CNCK and QQQ is 0.15 over 3 years, 0.16 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for CNCK?
Yes. With a correlation of 0.15, CNCK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 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.
Use this data
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Related comparisons
Hubs: CNCK correlations · QQQ correlations
