CRSP vs QQQ: Correlation
Measured on weekly returns over the past three years, CRISPR Therapeutics AG (CRSP) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRSP and QQQ?
On 3 years of weekly data the CRSP/QQQ correlation comes out at 0.50, moderate. Recent behaviour matches the longer record: 0.41 over 1 year against 0.50 over 3. The 5-year figure is 0.43, and annualized covariance runs at 568.3 %².
By 3-year correlation, QQQ places #12 of the 19 assets tracked against CRSP. Correlation aside, the last 12 months split them widely, with QQQ ahead by 15.4 points (+10.9% versus +26.3%). Note the risk asymmetry: CRSP runs 3.0 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.
CRSP vs QQQ: side by side
| CRSP (CRISPR Therapeutics AG) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.9% | +26.3% |
| 5-year return | -50.8% | +95.4% |
| Volatility (ann.) | 58.5% | 19.6% |
| Beta vs S&P 500 | 2.10 | 1.28 |
| Max drawdown (3Y) | -64.9% | -22.8% |
| Market cap | $5.7B | – |
| 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 | CRSP | QQQ |
|---|---|---|
| 2022 | -46.4% | -32.6% |
| 2023 | +54.0% | +54.9% |
| 2024 | -37.1% | +25.6% |
| 2025 | +33.2% | +20.8% |
| 2026 | +13.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRSP and QQQ good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CRSP and QQQ?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.41 over the last year and 0.43 over 5 years.
Is QQQ a good diversifier for CRSP?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/crsp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crsp-vs-qqq/)
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Related comparisons
Hubs: CRSP correlations · QQQ correlations
