CRNC vs QQQ: Correlation
Measured on weekly returns over the past three years, Cerence Inc. (CRNC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNC and QQQ?
Across a 3-year window, the weekly returns of CRNC and QQQ correlate at 0.25, weak. Lately the two have moved closer together, with the 1-year correlation at 0.56 versus 0.25 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 661.6 %².
QQQ is close to the least connected end of CRNC's tracked universe, ranking #17 of 21. The last year tells two different stories: QQQ led by 46.1 percentage points, -19.8% for CRNC against +26.3% for QQQ. One caveat on sizing: CRNC is 7.0 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.
CRNC vs QQQ: side by side
| CRNC (Cerence Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -19.8% | +26.3% |
| 5-year return | -92.5% | +95.4% |
| Volatility (ann.) | 136.3% | 19.6% |
| Beta vs S&P 500 | 2.35 | 1.28 |
| Max drawdown (3Y) | -90.9% | -22.8% |
| Market cap | $0.4B | – |
| 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 | CRNC | QQQ |
|---|---|---|
| 2022 | -75.8% | -32.6% |
| 2023 | +6.1% | +54.9% |
| 2024 | -60.1% | +25.6% |
| 2025 | +36.2% | +20.8% |
| 2026 | -21.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNC and QQQ good diversifiers for each other?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRNC and QQQ?
The CRNC/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.56, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CRNC?
A fair diversifier. At 0.25, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.25 mean?
A reading of 0.25 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crnc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crnc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRNC correlations · QQQ correlations
