CNK vs QQQ: Correlation
Cinemark Holdings Inc Cinemark Holdings, Inc. (CNK) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.05.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNK and QQQ?
Over the past 3 years, CNK and QQQ moved with a correlation of 0.05, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.20) runs below the 3-year figure (0.05). Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 42.1 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against CNK. The last year tells two different stories: CNK led by 16.5 percentage points, +42.8% for CNK against +26.3% for QQQ. One caveat on sizing: CNK is 2.1 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.
CNK vs QQQ: side by side
| CNK (Cinemark Holdings Inc Cinemark Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +42.8% | +26.3% |
| 5-year return | +119.9% | +95.4% |
| Volatility (ann.) | 40.6% | 19.6% |
| Beta vs S&P 500 | 0.29 | 1.28 |
| Max drawdown (3Y) | -38.4% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 0.94% | 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 | CNK | QQQ |
|---|---|---|
| 2022 | -46.3% | -32.6% |
| 2023 | +62.7% | +54.9% |
| 2024 | +119.9% | +25.6% |
| 2025 | -24.1% | +20.8% |
| 2026 | +58.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNK and QQQ good diversifiers for each other?
Yes. With a correlation of 0.05, CNK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNK and QQQ?
The CNK/QQQ correlation stands at 0.05 on a 3-year window (1 year: -0.20, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CNK?
Yes. With a correlation of 0.05, CNK and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.05 mean?
A reading of 0.05 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: CNK correlations · QQQ correlations
