CPSH vs QQQ: Correlation
How closely do CPS Technologies Corp. (CPSH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.13, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPSH and QQQ?
On 3 years of weekly data the CPSH/QQQ correlation comes out at 0.13, weak. The link has tightened recently: the 1-year correlation (0.28) runs above the 3-year figure (0.13). The 5-year figure is 0.20, and annualized covariance runs at 199.6 %².
Among the 18 assets we track against CPSH, QQQ ranks #7 by 3-year correlation. The trailing year gives QQQ the advantage: +15.3% versus +26.3%, a 11.0-point spread. One caveat on sizing: CPSH is 4.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CPSH vs QQQ: side by side
| CPSH (CPS Technologies Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.3% | +26.3% |
| 5-year return | -32.8% | +95.4% |
| Volatility (ann.) | 78.3% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -69.7% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 392.0 | – |
| 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 | CPSH | QQQ |
|---|---|---|
| 2022 | -29.0% | -32.6% |
| 2023 | -12.6% | +54.9% |
| 2024 | -31.5% | +25.6% |
| 2025 | +91.9% | +20.8% |
| 2026 | +26.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPSH and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, CPSH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPSH and QQQ?
As of 2026-08-27, the correlation of weekly returns between CPSH and QQQ is 0.13 over 3 years, 0.28 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for CPSH?
Yes. With a correlation of 0.13, CPSH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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/cpsh-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cpsh-vs-qqq/)
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Related comparisons
Hubs: CPSH correlations · QQQ correlations
