CNO vs QQQ: Correlation
Measured on weekly returns over the past three years, CNO Financial Group, Inc. (CNO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNO and QQQ?
Over the past 3 years, CNO and QQQ moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.12) than the 3-year average (0.29). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 128.4 %².
QQQ is close to the least connected end of CNO's tracked universe, ranking #22 of 25. The last year tells two different stories: CNO led by 15.3 percentage points, +41.6% for CNO against +26.3% for QQQ.
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.
CNO vs QQQ: side by side
| CNO (CNO Financial Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.6% | +26.3% |
| 5-year return | +150.0% | +95.4% |
| Volatility (ann.) | 22.5% | 19.6% |
| Beta vs S&P 500 | 0.69 | 1.28 |
| Max drawdown (3Y) | -15.9% | -22.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 1.26% | 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 | CNO | QQQ |
|---|---|---|
| 2022 | -1.6% | -32.6% |
| 2023 | +25.1% | +54.9% |
| 2024 | +36.1% | +25.6% |
| 2025 | +16.1% | +20.8% |
| 2026 | +30.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNO and QQQ good diversifiers for each other?
Reasonably. At 0.29, CNO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CNO and QQQ?
The CNO/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.12, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CNO?
Reasonably. At 0.29, CNO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/cno-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cno-vs-qqq/)
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Related comparisons
Hubs: CNO correlations · QQQ correlations
