CNR vs QQQ: Correlation
Core Natural Resources, Inc. (CNR) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNR and QQQ?
Across a 3-year window, the weekly returns of CNR and QQQ correlate at 0.15, weak. Lately the two have drifted apart, with the 1-year correlation at -0.26 versus 0.15 over 3 years. Stretching to 5 years gives 0.07, with an annualized covariance of 132.7 %².
Among the 13 assets we track against CNR, QQQ sits near the bottom by co-movement, at rank #9. On 12-month performance CNR holds a 14.0-point edge, +40.3% against +26.3%. One caveat on sizing: CNR is 2.2 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.
CNR vs QQQ: side by side
| CNR (Core Natural Resources, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +40.3% | +26.3% |
| 5-year return | +395.6% | +95.4% |
| Volatility (ann.) | 43.9% | 19.6% |
| Beta vs S&P 500 | 0.53 | 1.28 |
| Max drawdown (3Y) | -52.1% | -22.8% |
| Market cap | $5.0B | – |
| P/E (trailing) | 49.3 | – |
| Dividend yield | 0.41% | 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 | CNR | QQQ |
|---|---|---|
| 2022 | +195.5% | -32.6% |
| 2023 | +60.7% | +54.9% |
| 2024 | +6.6% | +25.6% |
| 2025 | -16.6% | +20.8% |
| 2026 | +15.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.15, CNR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CNR and QQQ?
As of 2026-08-27, the correlation of weekly returns between CNR and QQQ is 0.15 over 3 years, -0.26 over 1 year and 0.07 over 5 years.
Is QQQ a good diversifier for CNR?
Yes. With a correlation of 0.15, CNR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.15 mean?
A reading of 0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CNR correlations · QQQ correlations
