CPS vs QQQ: Correlation
Measured on weekly returns over the past three years, Cooper-Standard Holdings Inc. (CPS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPS and QQQ?
Across a 3-year window, the weekly returns of CPS and QQQ correlate at 0.27, weak. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.27). Stretching to 5 years gives 0.34, with an annualized covariance of 387.3 %².
Among the 12 assets we track against CPS, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 52.1 percentage points (-25.8% for CPS against +26.3% for QQQ). Risk is not evenly split, since CPS carries 3.7 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.
CPS vs QQQ: side by side
| CPS (Cooper-Standard Holdings Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.8% | +26.3% |
| 5-year return | +15.8% | +95.4% |
| Volatility (ann.) | 72.2% | 19.6% |
| Beta vs S&P 500 | 1.75 | 1.28 |
| Max drawdown (3Y) | -45.2% | -22.8% |
| Market cap | $0.5B | – |
| 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 | CPS | QQQ |
|---|---|---|
| 2022 | -59.6% | -32.6% |
| 2023 | +115.7% | +54.9% |
| 2024 | -30.6% | +25.6% |
| 2025 | +142.1% | +20.8% |
| 2026 | -19.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPS and QQQ?
As of 2026-08-27, the correlation of weekly returns between CPS and QQQ is 0.27 over 3 years, 0.14 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for CPS?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 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.
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Related comparisons
Hubs: CPS correlations · QQQ correlations
