CNXN vs QQQ: Correlation
How closely do PC Connection, Inc. (CNXN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNXN and QQQ?
Across a 3-year window, the weekly returns of CNXN and QQQ correlate at 0.35, moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.35). Stretching to 5 years gives 0.38, with an annualized covariance of 188.2 %².
Out of 12 assets tracked against CNXN, QQQ lands near the bottom at #8. Twelve-month performance is nearly a tie, at +26.2% for CNXN and +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.
CNXN vs QQQ: side by side
| CNXN (PC Connection, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +26.2% | +26.3% |
| 5-year return | +75.2% | +95.4% |
| Volatility (ann.) | 27.3% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -26.3% | -22.8% |
| Market cap | $2.0B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.88% | 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 | CNXN | QQQ |
|---|---|---|
| 2022 | +9.4% | -32.6% |
| 2023 | +44.3% | +54.9% |
| 2024 | +3.7% | +25.6% |
| 2025 | -15.8% | +20.8% |
| 2026 | +40.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNXN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CNXN and QQQ?
As of 2026-08-27, the correlation of weekly returns between CNXN and QQQ is 0.35 over 3 years, 0.19 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for CNXN?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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: CNXN correlations · QQQ correlations
