CNH vs QQQ: Correlation
Measured on weekly returns over the past three years, CNH Industrial N.V. (CNH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNH and QQQ?
On 3 years of weekly data the CNH/QQQ correlation comes out at 0.19, weak. Lately the two have drifted apart, with the 1-year correlation at -0.10 versus 0.19 over 3 years. The 5-year figure is 0.31, and annualized covariance runs at 125.8 %².
Among the 15 assets we track against CNH, QQQ sits near the bottom by co-movement, at rank #12. Correlation aside, the last 12 months split them widely, with QQQ ahead by 30.7 points (-4.4% versus +26.3%). One caveat on sizing: CNH is 1.7 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.
CNH vs QQQ: side by side
| CNH (CNH Industrial N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.4% | +26.3% |
| 5-year return | -12.0% | +95.4% |
| Volatility (ann.) | 33.5% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -33.2% | -22.8% |
| Market cap | $18.4B | – |
| P/E (trailing) | 45.7 | – |
| Dividend yield | 0.86% | 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 | CNH | QQQ |
|---|---|---|
| 2022 | -3.2% | -32.6% |
| 2023 | -22.0% | +54.9% |
| 2024 | -3.1% | +25.6% |
| 2025 | -17.1% | +20.8% |
| 2026 | +25.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNH and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CNH and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with -0.10 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for CNH?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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/cnh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnh-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNH correlations · QQQ correlations
