CNP vs QQQ: Correlation
Measured on weekly returns over the past three years, CenterPoint Energy (CNP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNP and QQQ?
Over the past 3 years, CNP and QQQ moved with a correlation of 0.01, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.26) runs below the 3-year figure (0.01). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 1.8 %².
Among the 28 assets we track against CNP, QQQ ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.8 points (+6.5% versus +26.3%). This link changes with the market regime, having swung between -0.32 and 0.38 on a rolling one-year basis.
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.
CNP vs QQQ: side by side
| CNP (CenterPoint Energy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.5% | +26.3% |
| 5-year return | +75.6% | +95.4% |
| Volatility (ann.) | 17.2% | 19.6% |
| Beta vs S&P 500 | 0.12 | 1.28 |
| Max drawdown (3Y) | -18.1% | -22.8% |
| Market cap | $25.9B | – |
| P/E (trailing) | 23.5 | – |
| Dividend yield | 2.27% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | CNP | QQQ |
|---|---|---|
| 2022 | +10.0% | -32.6% |
| 2023 | -2.1% | +54.9% |
| 2024 | +14.3% | +25.6% |
| 2025 | +23.7% | +20.8% |
| 2026 | +4.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNP and QQQ good diversifiers for each other?
Yes. With a correlation of 0.01, CNP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNP and QQQ?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with -0.26 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for CNP?
Yes. With a correlation of 0.01, CNP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 mean?
On the −1 to +1 scale, 0.01 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/cnp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNP correlations · QQQ correlations
