COO vs QQQ: Correlation
Measured on weekly returns over the past three years, Cooper Companies (The) (COO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.21, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COO and QQQ?
On 3 years of weekly data the COO/QQQ correlation comes out at 0.21, weak. The past 12 months show a weaker link (-0.16) than the 3-year average (0.21). The 5-year figure is 0.44, and annualized covariance runs at 112.4 %².
Among the 38 assets we track against COO, QQQ ranks #28 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 30.6 percentage points (-4.3% for COO against +26.3% for QQQ). This link changes with the market regime, having swung between -0.14 and 0.69 on a rolling one-year basis.
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.
COO vs QQQ: side by side
| COO (Cooper Companies (The)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.3% | +26.3% |
| 5-year return | -36.8% | +95.4% |
| Volatility (ann.) | 27.7% | 19.6% |
| Beta vs S&P 500 | 0.69 | 1.28 |
| Max drawdown (3Y) | -47.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 61.7 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | COO | QQQ |
|---|---|---|
| 2022 | -21.1% | -32.6% |
| 2023 | +14.5% | +54.9% |
| 2024 | -2.8% | +25.6% |
| 2025 | -10.8% | +20.8% |
| 2026 | -13.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COO and QQQ good diversifiers for each other?
Reasonably. At 0.21, COO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COO and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with -0.16 over the last year and 0.44 over 5 years.
Is QQQ a good diversifier for COO?
Reasonably. At 0.21, COO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
On the −1 to +1 scale, 0.21 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
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Related comparisons
Hubs: COO correlations · QQQ correlations
