CTMX vs QQQ: Correlation
CytomX Therapeutics, Inc. (CTMX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTMX and QQQ?
Over the past 3 years, CTMX and QQQ moved with a correlation of 0.23, which is weak. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.23). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 690.8 %².
Among the 13 assets we track against CTMX, QQQ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: CTMX led by 38.9 percentage points, +65.2% for CTMX against +26.3% for QQQ. Risk is not evenly split, since CTMX carries 7.7 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.
CTMX vs QQQ: side by side
| CTMX (CytomX Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +65.2% | +26.3% |
| 5-year return | -32.5% | +95.4% |
| Volatility (ann.) | 151.3% | 19.6% |
| Beta vs S&P 500 | 2.53 | 1.28 |
| Max drawdown (3Y) | -91.6% | -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 | CTMX | QQQ |
|---|---|---|
| 2022 | -63.0% | -32.6% |
| 2023 | -3.1% | +54.9% |
| 2024 | -33.5% | +25.6% |
| 2025 | +313.6% | +20.8% |
| 2026 | -19.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTMX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTMX and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.08 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for CTMX?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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: CTMX correlations · QQQ correlations
