CPF vs QQQ: Correlation
Central Pacific Financial Corp New (CPF) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPF and QQQ?
Over the past 3 years, CPF and QQQ moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.03) than the 3-year average (0.29). Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 152.5 %².
QQQ is close to the least connected end of CPF's tracked universe, ranking #16 of 19. Neither side won the trailing year by much: +24.4% against +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.
CPF vs QQQ: side by side
| CPF (Central Pacific Financial Corp New) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +24.4% | +26.3% |
| 5-year return | +85.5% | +95.4% |
| Volatility (ann.) | 26.5% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -25.2% | -22.8% |
| Market cap | $1.0B | – |
| P/E (trailing) | 12.2 | – |
| Dividend yield | 2.97% | 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 | CPF | QQQ |
|---|---|---|
| 2022 | -24.7% | -32.6% |
| 2023 | +2.9% | +54.9% |
| 2024 | +54.3% | +25.6% |
| 2025 | +11.3% | +20.8% |
| 2026 | +23.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPF and QQQ good diversifiers for each other?
Reasonably. At 0.29, CPF and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CPF and QQQ?
As of 2026-08-27, the correlation of weekly returns between CPF and QQQ is 0.29 over 3 years, 0.03 over 1 year and 0.33 over 5 years.
Is QQQ a good diversifier for CPF?
Reasonably. At 0.29, CPF and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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
$ curl https://www.pairbook.io/api/v1/pairs/cpf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cpf-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPF correlations · QQQ correlations
