CRBP vs QQQ: Correlation
Measured on weekly returns over the past three years, Corbus Pharmaceuticals Holdings, Inc. (CRBP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBP and QQQ?
On 3 years of weekly data the CRBP/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.14 lands near the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 359.6 %².
Out of 17 assets tracked against CRBP, QQQ lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 20.0 percentage points (+6.3% for CRBP against +26.3% for QQQ). Note the risk asymmetry: CRBP runs 10.6 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.
CRBP vs QQQ: side by side
| CRBP (Corbus Pharmaceuticals Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.3% | +26.3% |
| 5-year return | -68.8% | +95.4% |
| Volatility (ann.) | 207.1% | 19.6% |
| Beta vs S&P 500 | 1.79 | 1.28 |
| Max drawdown (3Y) | -92.0% | -22.8% |
| Market cap | $0.2B | – |
| 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 | CRBP | QQQ |
|---|---|---|
| 2022 | -82.0% | -32.6% |
| 2023 | +81.4% | +54.9% |
| 2024 | +95.4% | +25.6% |
| 2025 | -31.0% | +20.8% |
| 2026 | +36.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBP and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, CRBP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRBP and QQQ?
As of 2026-08-27, the correlation of weekly returns between CRBP and QQQ is 0.09 over 3 years, 0.14 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for CRBP?
Yes. With a correlation of 0.09, CRBP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
On the −1 to +1 scale, 0.09 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: CRBP correlations · QQQ correlations
