CRL vs QQQ: Correlation
Charles River Laboratories (CRL) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRL and QQQ?
On 3 years of weekly data the CRL/QQQ correlation comes out at 0.21, weak. The past 12 months show a tighter link (0.32) than the 3-year average (0.21). The 5-year figure is 0.36, and annualized covariance runs at 196.2 %².
Within CRL's tracked universe of 33 assets, QQQ comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRL outperformed by 55.8 percentage points (+82.1% for CRL against +26.3% for QQQ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.00 to 0.60. Note the risk asymmetry: CRL runs 2.4 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.
CRL vs QQQ: side by side
| CRL (Charles River Laboratories) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +82.1% | +26.3% |
| 5-year return | -33.3% | +95.4% |
| Volatility (ann.) | 47.9% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -63.5% | -22.8% |
| Market cap | $14.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | CRL | QQQ |
|---|---|---|
| 2022 | -42.2% | -32.6% |
| 2023 | +8.5% | +54.9% |
| 2024 | -21.9% | +25.6% |
| 2025 | +8.1% | +20.8% |
| 2026 | +48.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRL and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRL and QQQ?
The CRL/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.32, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CRL?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 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/crl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRL correlations · QQQ correlations
