CODI vs QQQ: Correlation
D/B/A Compass Diversified Holdings Shares of Beneficial (CODI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CODI and QQQ?
Over the past 3 years, CODI and QQQ moved with a correlation of 0.26, which is weak. Little has changed lately, as the 1-year reading of 0.26 lands near the 3-year figure. Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 325.1 %².
Among the 17 assets we track against CODI, QQQ ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CODI outperformed by 23.1 percentage points (+49.4% for CODI against +26.3% for QQQ). Note the risk asymmetry: CODI runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CODI vs QQQ: side by side
| CODI (D/B/A Compass Diversified Holdings Shares of Beneficial) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +49.4% | +26.3% |
| 5-year return | -53.0% | +95.4% |
| Volatility (ann.) | 63.2% | 19.6% |
| Beta vs S&P 500 | 1.45 | 1.28 |
| Max drawdown (3Y) | -80.3% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| 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 | CODI | QQQ |
|---|---|---|
| 2022 | -37.7% | -32.6% |
| 2023 | +29.4% | +54.9% |
| 2024 | +7.5% | +25.6% |
| 2025 | -78.6% | +20.8% |
| 2026 | +134.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CODI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CODI and QQQ?
The CODI/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.26, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CODI?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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: CODI correlations · QQQ correlations
