CRBG vs QQQ: Correlation
How closely do Corebridge Financial Inc. (CRBG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBG and QQQ?
Over the past 3 years, CRBG and QQQ moved with a correlation of 0.47, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.47 over 3. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 279.9 %².
Out of 12 assets tracked against CRBG, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 29.8 points (-3.5% versus +26.3%). One caveat on sizing: CRBG is 1.6 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.
CRBG vs QQQ: side by side
| CRBG (Corebridge Financial Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 30.6% | 19.6% |
| Beta vs S&P 500 | 1.21 | 1.28 |
| Max drawdown (3Y) | -36.3% | -22.8% |
| Market cap | $14.5B | – |
| P/E (trailing) | 20.8 | – |
| Dividend yield | 3.01% | 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 | CRBG | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | +25.3% | +54.9% |
| 2024 | +42.8% | +25.6% |
| 2025 | +3.9% | +20.8% |
| 2026 | +10.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBG and QQQ good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRBG and QQQ?
The CRBG/QQQ correlation stands at 0.47 on a 3-year window (1 year: 0.50, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CRBG?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 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
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Related comparisons
Hubs: CRBG correlations · QQQ correlations
