CSV vs QQQ: Correlation
Carriage Services, Inc. (CSV) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSV and QQQ?
Across a 3-year window, the weekly returns of CSV and QQQ correlate at 0.18, weak. The past 12 months show a weaker link (0.06) than the 3-year average (0.18). Stretching to 5 years gives 0.27, with an annualized covariance of 110.6 %².
Out of 11 assets tracked against CSV, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 48.5 points (-22.2% versus +26.3%). Risk is not evenly split, since CSV carries 1.6 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.
CSV vs QQQ: side by side
| CSV (Carriage Services, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -22.2% | +26.3% |
| 5-year return | -19.2% | +95.4% |
| Volatility (ann.) | 31.0% | 19.6% |
| Beta vs S&P 500 | 0.62 | 1.28 |
| Max drawdown (3Y) | -36.6% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 12.5 | – |
| Dividend yield | 1.29% | 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 | CSV | QQQ |
|---|---|---|
| 2022 | -56.7% | -32.6% |
| 2023 | -7.7% | +54.9% |
| 2024 | +61.8% | +25.6% |
| 2025 | +7.3% | +20.8% |
| 2026 | -18.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSV and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CSV and QQQ?
As of 2026-08-27, the correlation of weekly returns between CSV and QQQ is 0.18 over 3 years, 0.06 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for CSV?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/csv-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csv-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CSV correlations · QQQ correlations
