CRWD vs QQQ: Correlation
CrowdStrike (CRWD) and Invesco QQQ Trust (QQQ) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRWD and QQQ?
On 3 years of weekly data the CRWD/QQQ correlation comes out at 0.60, strong. The link has loosened recently: the 1-year correlation (0.46) runs below the 3-year figure (0.60). The 5-year figure is 0.60, and annualized covariance runs at 585.6 %².
Within CRWD's tracked universe of 31 assets, QQQ comes in at #6 by 3-year correlation. The last year tells two different stories: CRWD led by 89.5 percentage points, +115.8% for CRWD against +26.3% for QQQ. The rolling one-year correlation moved between 0.45 and 0.76 over the past three years, a moderate range. One caveat on sizing: CRWD is 2.6 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.
CRWD vs QQQ: side by side
| CRWD (CrowdStrike) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +115.8% | +26.3% |
| 5-year return | +218.4% | +95.4% |
| Volatility (ann.) | 50.2% | 19.6% |
| Beta vs S&P 500 | 1.87 | 1.28 |
| Max drawdown (3Y) | -44.4% | -22.8% |
| Market cap | $233.4B | – |
| P/E (trailing) | 3256.6 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | CRWD | QQQ |
|---|---|---|
| 2022 | -48.6% | -32.6% |
| 2023 | +142.5% | +54.9% |
| 2024 | +34.0% | +25.6% |
| 2025 | +37.0% | +20.8% |
| 2026 | +94.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.85% of QQQ is CRWD itself, so the fund partly moves with the stock by construction.
Are CRWD and QQQ good diversifiers for each other?
Only partially. A correlation of 0.60 means CRWD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRWD and QQQ?
The CRWD/QQQ correlation stands at 0.60 on a 3-year window (1 year: 0.46, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CRWD?
Only partially. A correlation of 0.60 means CRWD and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
On the −1 to +1 scale, 0.60 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/crwd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crwd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRWD correlations · QQQ correlations
