CPOP vs QQQ: Correlation
How closely do Pop Culture Group Co., Ltd - Class A (CPOP) 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 CPOP and QQQ?
Over the past 3 years, CPOP and QQQ moved with a correlation of 0.05, which is near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.33 versus 0.05 over 3 years. Over 5 years the correlation is 0.11, and the annualized covariance of weekly returns is 123.9 %².
Among the 16 assets we track against CPOP, QQQ ranks #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 123.3 percentage points (-97.0% for CPOP against +26.3% for QQQ). Note the risk asymmetry: CPOP runs 6.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CPOP vs QQQ: side by side
| CPOP (Pop Culture Group Co., Ltd - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -97.0% | +26.3% |
| 5-year return | -99.9% | +95.4% |
| Volatility (ann.) | 129.2% | 19.6% |
| Beta vs S&P 500 | 0.69 | 1.28 |
| Max drawdown (3Y) | -99.6% | -22.8% |
| Market cap | – | – |
| 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 | CPOP | QQQ |
|---|---|---|
| 2022 | -78.5% | -32.6% |
| 2023 | -86.3% | +54.9% |
| 2024 | +9.3% | +25.6% |
| 2025 | -64.1% | +20.8% |
| 2026 | -91.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPOP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPOP and QQQ?
As of 2026-08-27, the correlation of weekly returns between CPOP and QQQ is 0.05 over 3 years, 0.33 over 1 year and 0.11 over 5 years.
Is QQQ a good diversifier for CPOP?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
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.
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Related comparisons
Hubs: CPOP correlations · QQQ correlations
