CSTE vs QQQ: Correlation
Measured on weekly returns over the past three years, Caesarstone Ltd. (CSTE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSTE and QQQ?
Over the past 3 years, CSTE and QQQ moved with a correlation of 0.18, which is weak. The link has tightened recently: the 1-year correlation (0.28) runs above the 3-year figure (0.18). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 344.2 %².
Out of 11 assets tracked against CSTE, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months CSTE outperformed by 90.6 percentage points (+116.9% for CSTE against +26.3% for QQQ). Risk is not evenly split, since CSTE carries 5.1 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.
CSTE vs QQQ: side by side
| CSTE (Caesarstone Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +116.9% | +26.3% |
| 5-year return | -74.8% | +95.4% |
| Volatility (ann.) | 100.4% | 19.6% |
| Beta vs S&P 500 | 1.27 | 1.28 |
| Max drawdown (3Y) | -90.8% | -22.8% |
| Market cap | $0.1B | – |
| 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 | CSTE | QQQ |
|---|---|---|
| 2022 | -48.4% | -32.6% |
| 2023 | -34.5% | +54.9% |
| 2024 | +13.6% | +25.6% |
| 2025 | -56.2% | +20.8% |
| 2026 | +72.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSTE and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between CSTE and QQQ?
As of 2026-08-27, the correlation of weekly returns between CSTE and QQQ is 0.18 over 3 years, 0.28 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for CSTE?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
A reading of 0.18 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CSTE correlations · QQQ correlations
