COIN vs QQQ: Correlation
Measured on weekly returns over the past three years, Coinbase (COIN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and QQQ?
Over the past 3 years, COIN and QQQ moved with a correlation of 0.47, which is moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 735.3 %².
Among the 34 assets we track against COIN, QQQ ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 64.6 points (-38.3% versus +26.3%). On a rolling one-year basis the correlation drifted between 0.28 and 0.65, a moderate band. One caveat on sizing: COIN is 4.1 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.
COIN vs QQQ: side by side
| COIN (Coinbase) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -38.3% | +26.3% |
| 5-year return | -27.4% | +95.4% |
| Volatility (ann.) | 80.0% | 19.6% |
| Beta vs S&P 500 | 2.66 | 1.28 |
| Max drawdown (3Y) | -66.4% | -22.8% |
| Market cap | $50.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | COIN | QQQ |
|---|---|---|
| 2022 | -86.0% | -32.6% |
| 2023 | +391.4% | +54.9% |
| 2024 | +42.8% | +25.6% |
| 2025 | -8.9% | +20.8% |
| 2026 | -15.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COIN and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between COIN and QQQ?
The COIN/QQQ correlation stands at 0.47 on a 3-year window (1 year: 0.47, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for COIN?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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: COIN correlations · QQQ correlations
