COHU vs QQQ: Correlation
How closely do Cohu, Inc. (COHU) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COHU and QQQ?
Over the past 3 years, COHU and QQQ moved with a correlation of 0.62, which is strong. The relationship has been stable: the 1-year correlation (0.60) sits close to the 3-year figure. Over 5 years the correlation is 0.65, and the annualized covariance of weekly returns is 544.6 %².
Within COHU's tracked universe of 24 assets, QQQ comes in at #9 by 3-year correlation. The last year tells two different stories: COHU led by 128.5 percentage points, +154.8% for COHU against +26.3% for QQQ. Risk is not evenly split, since COHU carries 2.3 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.
COHU vs QQQ: side by side
| COHU (Cohu, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +154.8% | +26.3% |
| 5-year return | +41.3% | +95.4% |
| Volatility (ann.) | 44.8% | 19.6% |
| Beta vs S&P 500 | 1.74 | 1.28 |
| Max drawdown (3Y) | -64.7% | -22.8% |
| Market cap | $2.4B | – |
| 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 | COHU | QQQ |
|---|---|---|
| 2022 | -15.9% | -32.6% |
| 2023 | +10.4% | +54.9% |
| 2024 | -24.6% | +25.6% |
| 2025 | -12.8% | +20.8% |
| 2026 | +122.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COHU and QQQ good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COHU and QQQ?
As of 2026-08-27, the correlation of weekly returns between COHU and QQQ is 0.62 over 3 years, 0.60 over 1 year and 0.65 over 5 years.
Is QQQ a good diversifier for COHU?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cohu-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cohu-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COHU correlations · QQQ correlations
