CR vs QQQ: Correlation
Crane Company (CR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CR and QQQ?
Over the past 3 years, CR and QQQ moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.33) than the 3-year average (0.46). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 278.6 %².
Within CR's tracked universe of 17 assets, QQQ comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.9 percentage points (+8.4% for CR against +26.3% for QQQ). Risk is not evenly split, since CR carries 1.6 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.
CR vs QQQ: side by side
| CR (Crane Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 31.2% | 19.6% |
| Beta vs S&P 500 | 1.13 | 1.28 |
| Max drawdown (3Y) | -28.0% | -22.8% |
| Market cap | $12.1B | – |
| P/E (trailing) | 36.6 | – |
| Dividend yield | 0.46% | 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 | CR | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +29.2% | +25.6% |
| 2025 | +22.2% | +20.8% |
| 2026 | +13.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CR and QQQ?
The CR/QQQ correlation stands at 0.46 on a 3-year window (1 year: 0.33, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CR?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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
$ curl https://www.pairbook.io/api/v1/pairs/cr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CR correlations · QQQ correlations
