CTEV vs QQQ: Correlation
Measured on weekly returns over the past three years, Claritev Corporation (CTEV) 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 CTEV and QQQ?
Over the past 3 years, CTEV and QQQ moved with a correlation of 0.18, which is weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 571.7 %².
Out of 12 assets tracked against CTEV, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 72.3 percentage points (-46.0% for CTEV against +26.3% for QQQ). Risk is not evenly split, since CTEV carries 8.3 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.
CTEV vs QQQ: side by side
| CTEV (Claritev Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -46.0% | +26.3% |
| 5-year return | -83.9% | +95.4% |
| Volatility (ann.) | 161.9% | 19.6% |
| Beta vs S&P 500 | 1.96 | 1.28 |
| Max drawdown (3Y) | -93.4% | -22.8% |
| Market cap | $0.7B | – |
| 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 | CTEV | QQQ |
|---|---|---|
| 2022 | -74.0% | -32.6% |
| 2023 | +25.2% | +54.9% |
| 2024 | -74.3% | +25.6% |
| 2025 | +189.2% | +20.8% |
| 2026 | -9.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTEV and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, CTEV and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CTEV and QQQ?
As of 2026-08-27, the correlation of weekly returns between CTEV and QQQ is 0.18 over 3 years, 0.25 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for CTEV?
Yes. With a correlation of 0.18, CTEV and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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.
Use this data
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Related comparisons
Hubs: CTEV correlations · QQQ correlations
