CRBU vs QQQ: Correlation
Measured on weekly returns over the past three years, Caribou Biosciences, Inc. (CRBU) and Invesco QQQ Trust (QQQ) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRBU and QQQ?
Over the past 3 years, CRBU and QQQ moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 631.8 %².
By 3-year correlation, QQQ places #11 of the 17 assets tracked against CRBU. Correlation aside, the last 12 months split them widely, with QQQ ahead by 42.5 points (-16.2% versus +26.3%). Note the risk asymmetry: CRBU runs 4.1 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.
CRBU vs QQQ: side by side
| CRBU (Caribou Biosciences, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.2% | +26.3% |
| 5-year return | -93.2% | +95.4% |
| Volatility (ann.) | 80.5% | 19.6% |
| Beta vs S&P 500 | 2.52 | 1.28 |
| Max drawdown (3Y) | -91.1% | -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 | CRBU | QQQ |
|---|---|---|
| 2022 | -58.4% | -32.6% |
| 2023 | -8.8% | +54.9% |
| 2024 | -72.3% | +25.6% |
| 2025 | +0.0% | +20.8% |
| 2026 | +4.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRBU and QQQ good diversifiers for each other?
Reasonably. At 0.40, CRBU and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CRBU and QQQ?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.38 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for CRBU?
Reasonably. At 0.40, CRBU and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 mean?
On the −1 to +1 scale, 0.40 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/crbu-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crbu-vs-qqq/)
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Related comparisons
Hubs: CRBU correlations · QQQ correlations
