CNET vs QQQ: Correlation
How closely do ZW Data Action Technologies Inc. (CNET) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNET and QQQ?
On 3 years of weekly data the CNET/QQQ correlation comes out at 0.19, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.19 over 3. The 5-year figure is 0.24, and annualized covariance runs at 386.8 %².
Out of 11 assets tracked against CNET, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 30.3 points (-4.0% versus +26.3%). Risk is not evenly split, since CNET carries 5.3 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.
CNET vs QQQ: side by side
| CNET (ZW Data Action Technologies Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.0% | +26.3% |
| 5-year return | -94.9% | +95.4% |
| Volatility (ann.) | 104.7% | 19.6% |
| Beta vs S&P 500 | 1.46 | 1.28 |
| Max drawdown (3Y) | -85.2% | -22.8% |
| Market cap | – | – |
| 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 | CNET | QQQ |
|---|---|---|
| 2022 | -54.0% | -32.6% |
| 2023 | -63.9% | +54.9% |
| 2024 | -45.8% | +25.6% |
| 2025 | -24.4% | +20.8% |
| 2026 | +6.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNET and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CNET and QQQ?
As of 2026-08-27, the correlation of weekly returns between CNET and QQQ is 0.19 over 3 years, 0.24 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for CNET?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 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
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Related comparisons
Hubs: CNET correlations · QQQ correlations
