CPIX vs QQQ: Correlation
Measured on weekly returns over the past three years, Cumberland Pharmaceuticals Inc. (CPIX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.04, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPIX and QQQ?
On 3 years of weekly data the CPIX/QQQ correlation comes out at 0.04, near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.20) runs above the 3-year figure (0.04). The 5-year figure is 0.05, and annualized covariance runs at 83.3 %².
Within CPIX's tracked universe of 16 assets, QQQ comes in at #8 by 3-year correlation. The last year tells two different stories: CPIX led by 201.8 percentage points, +228.1% for CPIX against +26.3% for QQQ. Risk is not evenly split, since CPIX carries 6.0 times the volatility of the other side.
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.
CPIX vs QQQ: side by side
| CPIX (Cumberland Pharmaceuticals Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +228.1% | +26.3% |
| 5-year return | +295.6% | +95.4% |
| Volatility (ann.) | 117.9% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -71.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | CPIX | QQQ |
|---|---|---|
| 2022 | -51.8% | -32.6% |
| 2023 | -20.4% | +54.9% |
| 2024 | +32.4% | +25.6% |
| 2025 | +67.9% | +20.8% |
| 2026 | +180.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPIX and QQQ good diversifiers for each other?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CPIX and QQQ?
Using weekly returns as of 2026-08-27: 0.04 over 3 years, with 0.20 over the last year and 0.05 over 5 years.
Is QQQ a good diversifier for CPIX?
Yes: at 0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.04 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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[](https://www.pairbook.io/pair/cpix-vs-qqq/)
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Related comparisons
Hubs: CPIX correlations · QQQ correlations
