CPB vs QQQ: Correlation
How closely do The Campbell's Company (CPB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPB and QQQ?
On 3 years of weekly data the CPB/QQQ correlation comes out at -0.05, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. The 5-year figure is -0.01, and annualized covariance runs at -24.7 %².
Out of 20 assets tracked against CPB, QQQ lands near the bottom at #16. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.1 points (-22.8% versus +26.3%).
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.
CPB vs QQQ: side by side
| CPB (The Campbell's Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.8% | +26.3% |
| 5-year return | -30.8% | +95.4% |
| Volatility (ann.) | 24.5% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -58.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 6.72% | 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 | CPB | QQQ |
|---|---|---|
| 2022 | +34.8% | -32.6% |
| 2023 | -21.5% | +54.9% |
| 2024 | +0.1% | +25.6% |
| 2025 | -30.5% | +20.8% |
| 2026 | -12.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPB and QQQ good diversifiers for each other?
Yes. With a correlation of -0.05, CPB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPB and QQQ?
As of 2026-08-27, the correlation of weekly returns between CPB and QQQ is -0.05 over 3 years, -0.09 over 1 year and -0.01 over 5 years.
Is QQQ a good diversifier for CPB?
Yes. With a correlation of -0.05, CPB and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.05 mean?
A reading of -0.05 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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[](https://www.pairbook.io/pair/cpb-vs-qqq/)
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Related comparisons
Hubs: CPB correlations · QQQ correlations
