CSW vs QQQ: Correlation
Measured on weekly returns over the past three years, CSW Industrials, Inc. (CSW) and Invesco QQQ Trust (QQQ) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CSW and QQQ?
On 3 years of weekly data the CSW/QQQ correlation comes out at 0.45, moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.45). The 5-year figure is 0.39, and annualized covariance runs at 334.9 %².
Within CSW's tracked universe of 12 assets, QQQ comes in at #7 by 3-year correlation. Over the last 12 months QQQ came out ahead by 7.9 percentage points (+18.4% against +26.3%). Risk is not evenly split, since CSW carries 1.9 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.
CSW vs QQQ: side by side
| CSW (CSW Industrials, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.4% | +26.3% |
| 5-year return | +140.7% | +95.4% |
| Volatility (ann.) | 37.7% | 19.6% |
| Beta vs S&P 500 | 1.34 | 1.28 |
| Max drawdown (3Y) | -46.2% | -22.8% |
| Market cap | $5.2B | – |
| P/E (trailing) | 44.2 | – |
| Dividend yield | 0.34% | 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 | CSW | QQQ |
|---|---|---|
| 2022 | -3.5% | -32.6% |
| 2023 | +79.8% | +54.9% |
| 2024 | +70.6% | +25.6% |
| 2025 | -16.5% | +20.8% |
| 2026 | +8.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CSW and QQQ good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CSW and QQQ?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.23 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for CSW?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
A reading of 0.45 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/csw-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/csw-vs-qqq/)
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Related comparisons
Hubs: CSW correlations · QQQ correlations
