CORZ vs QQQ: Correlation
Core Scientific, Inc. (CORZ) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CORZ and QQQ?
Across a 3-year window, the weekly returns of CORZ and QQQ correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.48 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 863.6 %².
Within CORZ's tracked universe of 19 assets, QQQ comes in at #7 by 3-year correlation. Twelve-month performance is nearly a tie, at +24.1% for CORZ and +26.3% for QQQ. Note the risk asymmetry: CORZ runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CORZ vs QQQ: side by side
| CORZ (Core Scientific, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 89.6% | 19.6% |
| Beta vs S&P 500 | 2.71 | 1.28 |
| Max drawdown (3Y) | -64.9% | -22.8% |
| Market cap | $5.7B | – |
| 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 | CORZ | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +3.6% | +20.8% |
| 2026 | +21.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CORZ and QQQ good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CORZ and QQQ?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.49 over the last year and n/a over 5 years.
Is QQQ a good diversifier for CORZ?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 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/corz-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/corz-vs-qqq/)
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Related comparisons
Hubs: CORZ correlations · QQQ correlations
