CRNT vs QQQ: Correlation
Measured on weekly returns over the past three years, Ceragon Networks Ltd. (CRNT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRNT and QQQ?
On 3 years of weekly data the CRNT/QQQ correlation comes out at 0.29, weak. The past 12 months show a tighter link (0.48) than the 3-year average (0.29). The 5-year figure is 0.33, and annualized covariance runs at 295.7 %².
QQQ is close to the least connected end of CRNT's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 19.8 percentage points, +6.5% for CRNT against +26.3% for QQQ. Risk is not evenly split, since CRNT carries 2.7 times the volatility of the other side.
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.
CRNT vs QQQ: side by side
| CRNT (Ceragon Networks Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +6.5% | +26.3% |
| 5-year return | -45.0% | +95.4% |
| Volatility (ann.) | 52.9% | 19.6% |
| Beta vs S&P 500 | 1.19 | 1.28 |
| Max drawdown (3Y) | -66.4% | -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 | CRNT | QQQ |
|---|---|---|
| 2022 | -26.0% | -32.6% |
| 2023 | +13.1% | +54.9% |
| 2024 | +116.2% | +25.6% |
| 2025 | -55.0% | +20.8% |
| 2026 | +1.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRNT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CRNT and QQQ?
The CRNT/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.48, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CRNT?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 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/crnt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crnt-vs-qqq/)
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Related comparisons
Hubs: CRNT correlations · QQQ correlations
