COLM vs QQQ: Correlation
How closely do Columbia Sportswear Company (COLM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COLM and QQQ?
Over the past 3 years, COLM and QQQ moved with a correlation of 0.18, which is weak. Recent behaviour matches the longer record: 0.14 over 1 year against 0.18 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 109.5 %².
Among the 17 assets we track against COLM, QQQ sits near the bottom by co-movement, at rank #14. The last year tells two different stories: QQQ led by 21.1 percentage points, +5.2% for COLM against +26.3% for QQQ. One caveat on sizing: COLM is 1.6 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.
COLM vs QQQ: side by side
| COLM (Columbia Sportswear Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.2% | +26.3% |
| 5-year return | -40.1% | +95.4% |
| Volatility (ann.) | 31.1% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -46.1% | -22.8% |
| Market cap | $2.9B | – |
| P/E (trailing) | 15.2 | – |
| Dividend yield | 2.06% | 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 | COLM | QQQ |
|---|---|---|
| 2022 | -8.8% | -32.6% |
| 2023 | -7.8% | +54.9% |
| 2024 | +7.1% | +25.6% |
| 2025 | -33.1% | +20.8% |
| 2026 | +4.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COLM and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COLM and QQQ?
The COLM/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.14, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for COLM?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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/colm-vs-qqq.json
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Related comparisons
Hubs: COLM correlations · QQQ correlations
