CRWD vs QQQM: Correlation
CrowdStrike (CRWD) and Invesco Nasdaq 100 ETF (QQQM) 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 QQQM?
On 3 years of weekly data the CRWD/QQQM correlation comes out at 0.60, strong. Lately the two have drifted apart, with the 1-year correlation at 0.47 versus 0.60 over 3 years. The 5-year figure is 0.60, and annualized covariance runs at 582.1 %².
Among the 31 assets we track against CRWD, QQQM ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRWD outperformed by 89.4 percentage points (+115.8% for CRWD against +26.4% for QQQM). The rolling one-year correlation moved between 0.45 and 0.76 over the past three years, a moderate range. Note the risk asymmetry: CRWD runs 2.6 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.
CRWD vs QQQM: side by side
| CRWD (CrowdStrike) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +115.8% | +26.4% |
| 5-year return | +218.4% | +96.1% |
| Volatility (ann.) | 50.2% | 19.5% |
| Beta vs S&P 500 | 1.87 | 1.28 |
| Max drawdown (3Y) | -44.4% | -22.7% |
| Market cap | $233.4B | – |
| P/E (trailing) | 3256.6 | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | CRWD | QQQM |
|---|---|---|
| 2022 | -48.6% | -32.5% |
| 2023 | +142.5% | +55.0% |
| 2024 | +34.0% | +25.7% |
| 2025 | +37.0% | +20.9% |
| 2026 | +94.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
CRWD represents 0.85% of QQQM's portfolio, so part of any move in QQQM is CRWD itself, and the correlation between them is partly mechanical.
Are CRWD and QQQM good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CRWD and QQQM?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.47 over the last year and 0.60 over 5 years.
Is QQQM a good diversifier for CRWD?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
A reading of 0.60 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/crwd-vs-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crwd-vs-qqqm/)
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Related comparisons
Hubs: CRWD correlations · QQQM correlations
