CRVS vs QQQ: Correlation
How closely do Corvus Pharmaceuticals, Inc. (CRVS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRVS and QQQ?
On 3 years of weekly data the CRVS/QQQ correlation comes out at 0.11, weak. The relationship has been stable: the 1-year correlation (0.06) sits close to the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 307.5 %².
Out of 16 assets tracked against CRVS, QQQ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with CRVS ahead by 141.3 points (+167.6% versus +26.3%). One caveat on sizing: CRVS is 7.4 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.
CRVS vs QQQ: side by side
| CRVS (Corvus Pharmaceuticals, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +167.6% | +26.3% |
| 5-year return | +581.5% | +95.4% |
| Volatility (ann.) | 144.6% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -70.5% | -22.8% |
| Market cap | $1.2B | – |
| 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 | CRVS | QQQ |
|---|---|---|
| 2022 | -64.7% | -32.6% |
| 2023 | +107.1% | +54.9% |
| 2024 | +204.0% | +25.6% |
| 2025 | +43.9% | +20.8% |
| 2026 | +91.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRVS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, CRVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CRVS and QQQ?
The CRVS/QQQ correlation stands at 0.11 on a 3-year window (1 year: 0.06, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CRVS?
Yes. With a correlation of 0.11, CRVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crvs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crvs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRVS correlations · QQQ correlations
