CPNG vs QQQ: Correlation
Coupang, Inc. (CPNG) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPNG and QQQ?
Across a 3-year window, the weekly returns of CPNG and QQQ correlate at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 272.2 %².
By 3-year correlation, QQQ places #6 of the 11 assets tracked against CPNG. Correlation aside, the last 12 months split them widely, with QQQ ahead by 68.8 points (-42.5% versus +26.3%). Risk is not evenly split, since CPNG carries 1.9 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.
CPNG vs QQQ: side by side
| CPNG (Coupang, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -42.5% | +26.3% |
| 5-year return | -46.1% | +95.4% |
| Volatility (ann.) | 37.4% | 19.6% |
| Beta vs S&P 500 | 0.95 | 1.28 |
| Max drawdown (3Y) | -54.9% | -22.8% |
| Market cap | $29.2B | – |
| 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 | CPNG | QQQ |
|---|---|---|
| 2022 | -49.9% | -32.6% |
| 2023 | +10.1% | +54.9% |
| 2024 | +35.8% | +25.6% |
| 2025 | +7.3% | +20.8% |
| 2026 | -31.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPNG and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CPNG and QQQ?
The CPNG/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.45, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CPNG?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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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Related comparisons
Hubs: CPNG correlations · QQQ correlations
