CRC vs QQQ: Correlation
How closely do California Resources Corporation (CRC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRC and QQQ?
Over the past 3 years, CRC and QQQ moved with a correlation of 0.19, which is weak. The past 12 months show a weaker link (-0.23) than the 3-year average (0.19). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 126.4 %².
Among the 13 assets we track against CRC, QQQ sits near the bottom by co-movement, at rank #10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.8 percentage points (+8.5% for CRC against +26.3% for QQQ). One caveat on sizing: CRC is 1.8 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.
CRC vs QQQ: side by side
| CRC (California Resources Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +8.5% | +26.3% |
| 5-year return | +78.6% | +95.4% |
| Volatility (ann.) | 34.5% | 19.6% |
| Beta vs S&P 500 | 0.59 | 1.28 |
| Max drawdown (3Y) | -44.8% | -22.8% |
| Market cap | $4.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 3.05% | 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 | CRC | QQQ |
|---|---|---|
| 2022 | +3.7% | -32.6% |
| 2023 | +28.9% | +54.9% |
| 2024 | -2.6% | +25.6% |
| 2025 | -10.8% | +20.8% |
| 2026 | +20.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRC and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRC and QQQ?
The CRC/QQQ correlation stands at 0.19 on a 3-year window (1 year: -0.23, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CRC?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 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/crc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRC correlations · QQQ correlations
