CRMD vs QQQ: Correlation
Measured on weekly returns over the past three years, CorMedix Inc. (CRMD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRMD and QQQ?
Over the past 3 years, CRMD and QQQ moved with a correlation of 0.26, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.26 over 3 years. Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 377.8 %².
Among the 11 assets we track against CRMD, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 67.5 percentage points (-41.2% for CRMD against +26.3% for QQQ). Note the risk asymmetry: CRMD runs 3.8 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.
CRMD vs QQQ: side by side
| CRMD (CorMedix Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -41.2% | +26.3% |
| 5-year return | +33.4% | +95.4% |
| Volatility (ann.) | 74.6% | 19.6% |
| Beta vs S&P 500 | 1.50 | 1.28 |
| Max drawdown (3Y) | -62.3% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 3.8 | – |
| 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 | CRMD | QQQ |
|---|---|---|
| 2022 | -7.3% | -32.6% |
| 2023 | -10.9% | +54.9% |
| 2024 | +115.4% | +25.6% |
| 2025 | +43.6% | +20.8% |
| 2026 | -28.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRMD and QQQ good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRMD and QQQ?
As of 2026-08-27, the correlation of weekly returns between CRMD and QQQ is 0.26 over 3 years, 0.11 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for CRMD?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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/crmd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crmd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRMD correlations · QQQ correlations
