CSTM vs QQQ: Correlation
Measured on weekly returns over the past three years, Constellium SE (CSTM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSTM and QQQ?
On 3 years of weekly data the CSTM/QQQ correlation comes out at 0.37, moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 297.1 %².
Out of 11 assets tracked against CSTM, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months CSTM outperformed by 61.4 percentage points (+87.7% for CSTM against +26.3% for QQQ). Note the risk asymmetry: CSTM runs 2.1 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.
CSTM vs QQQ: side by side
| CSTM (Constellium SE) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +87.7% | +26.3% |
| 5-year return | +38.2% | +95.4% |
| Volatility (ann.) | 41.2% | 19.6% |
| Beta vs S&P 500 | 1.25 | 1.28 |
| Max drawdown (3Y) | -66.3% | -22.8% |
| Market cap | $3.7B | – |
| P/E (trailing) | 7.0 | – |
| 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 | CSTM | QQQ |
|---|---|---|
| 2022 | -33.9% | -32.6% |
| 2023 | +68.7% | +54.9% |
| 2024 | -48.5% | +25.6% |
| 2025 | +83.5% | +20.8% |
| 2026 | +45.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSTM and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CSTM and QQQ?
As of 2026-08-27, the correlation of weekly returns between CSTM and QQQ is 0.37 over 3 years, 0.45 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for CSTM?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
A reading of 0.37 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
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[](https://www.pairbook.io/pair/cstm-vs-qqq/)
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Related comparisons
Hubs: CSTM correlations · QQQ correlations
