COCO vs QQQ: Correlation
The Vita Coco Company, Inc. (COCO) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COCO and QQQ?
Across a 3-year window, the weekly returns of COCO and QQQ correlate at 0.32, moderate. Recent behaviour matches the longer record: 0.22 over 1 year against 0.32 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 302.8 %².
Among the 10 assets we track against COCO, QQQ sits near the bottom by co-movement, at rank #6. Their recent paths diverged sharply: over the last 12 months COCO outperformed by 51.6 percentage points (+77.9% for COCO against +26.3% for QQQ). One caveat on sizing: COCO is 2.5 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.
COCO vs QQQ: side by side
| COCO (The Vita Coco Company, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +77.9% | +26.3% |
| 5-year return | +355.8% | +95.4% |
| Volatility (ann.) | 48.3% | 19.6% |
| Beta vs S&P 500 | 1.00 | 1.28 |
| Max drawdown (3Y) | -38.5% | -22.8% |
| Market cap | $3.6B | – |
| P/E (trailing) | 34.6 | – |
| Dividend yield | 0.00% | 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 | COCO | QQQ |
|---|---|---|
| 2022 | +23.7% | -32.6% |
| 2023 | +85.6% | +54.9% |
| 2024 | +43.9% | +25.6% |
| 2025 | +43.6% | +20.8% |
| 2026 | +16.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COCO and QQQ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between COCO and QQQ?
As of 2026-08-27, the correlation of weekly returns between COCO and QQQ is 0.32 over 3 years, 0.22 over 1 year and 0.37 over 5 years.
Is QQQ a good diversifier for COCO?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: COCO correlations · QQQ correlations
