COTY vs QQQ: Correlation
Measured on weekly returns over the past three years, Coty Inc. (COTY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COTY and QQQ?
On 3 years of weekly data the COTY/QQQ correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.32 over 3. The 5-year figure is 0.38, and annualized covariance runs at 269.2 %².
QQQ is close to the least connected end of COTY's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 60.6 percentage points, -34.3% for COTY against +26.3% for QQQ. One caveat on sizing: COTY is 2.2 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.
COTY vs QQQ: side by side
| COTY (Coty Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -34.3% | +26.3% |
| 5-year return | -71.0% | +95.4% |
| Volatility (ann.) | 42.5% | 19.6% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -86.0% | -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 | COTY | QQQ |
|---|---|---|
| 2022 | -18.5% | -32.6% |
| 2023 | +45.1% | +54.9% |
| 2024 | -44.0% | +25.6% |
| 2025 | -55.7% | +20.8% |
| 2026 | -10.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COTY and QQQ good diversifiers for each other?
Reasonably. At 0.32, COTY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between COTY and QQQ?
The COTY/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.34, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for COTY?
Reasonably. At 0.32, COTY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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/coty-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/coty-vs-qqq/)
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Related comparisons
Hubs: COTY correlations · QQQ correlations
