COHN vs QQQ: Correlation
Measured on weekly returns over the past three years, Cohen & Company Inc. (COHN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHN and QQQ?
Over the past 3 years, COHN and QQQ moved with a correlation of 0.09, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.11 versus 0.09 over 3 years. Over 5 years the correlation is 0.08, and the annualized covariance of weekly returns is 148.1 %².
QQQ is close to the least connected end of COHN's tracked universe, ranking #7 of 10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 19.2 points (+7.1% versus +26.3%). Risk is not evenly split, since COHN carries 4.2 times the volatility of the other side.
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.
COHN vs QQQ: side by side
| COHN (Cohen & Company Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.1% | +26.3% |
| 5-year return | -2.6% | +95.4% |
| Volatility (ann.) | 81.7% | 19.6% |
| Beta vs S&P 500 | 0.90 | 1.28 |
| Max drawdown (3Y) | -62.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 2.3 | – |
| Dividend yield | 9.07% | 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 | COHN | QQQ |
|---|---|---|
| 2022 | -36.7% | -32.6% |
| 2023 | -9.7% | +54.9% |
| 2024 | +73.4% | +25.6% |
| 2025 | +149.5% | +20.8% |
| 2026 | -44.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHN and QQQ good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COHN and QQQ?
As of 2026-08-27, the correlation of weekly returns between COHN and QQQ is 0.09 over 3 years, -0.11 over 1 year and 0.08 over 5 years.
Is QQQ a good diversifier for COHN?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 mean?
A reading of 0.09 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cohn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cohn-vs-qqq/)
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Related comparisons
Hubs: COHN correlations · QQQ correlations
