CPHC vs QQQ: Correlation
Measured on weekly returns over the past three years, Canterbury Park Holding Corporation (CPHC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPHC and QQQ?
On 3 years of weekly data the CPHC/QQQ correlation comes out at 0.08, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.06) runs below the 3-year figure (0.08). The 5-year figure is -0.07, and annualized covariance runs at 46.6 %².
By 3-year correlation, QQQ places #6 of the 13 assets tracked against CPHC. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.6 points (-3.3% 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.
CPHC vs QQQ: side by side
| CPHC (Canterbury Park Holding Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.3% | +26.3% |
| 5-year return | +6.8% | +95.4% |
| Volatility (ann.) | 28.1% | 19.6% |
| Beta vs S&P 500 | 0.10 | 1.28 |
| Max drawdown (3Y) | -48.8% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 793.5 | – |
| Dividend yield | 1.76% | 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 | CPHC | QQQ |
|---|---|---|
| 2022 | +83.8% | -32.6% |
| 2023 | -33.8% | +54.9% |
| 2024 | +1.7% | +25.6% |
| 2025 | -23.6% | +20.8% |
| 2026 | +4.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPHC and QQQ good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPHC and QQQ?
The CPHC/QQQ correlation stands at 0.08 on a 3-year window (1 year: -0.06, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CPHC?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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/cphc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cphc-vs-qqq/)
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Related comparisons
Hubs: CPHC correlations · QQQ correlations
