CTNM vs QQQ: Correlation
How closely do Contineum Therapeutics, Inc. (CTNM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNM and QQQ?
Over the past 3 years, CTNM and QQQ moved with a correlation of 0.05, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.06) than the 3-year average (0.05). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 78.3 %².
Among the 14 assets we track against CTNM, QQQ ranks #9 by 3-year correlation. The last year tells two different stories: CTNM led by 46.0 percentage points, +72.3% for CTNM against +26.3% for QQQ. One caveat on sizing: CTNM is 3.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CTNM vs QQQ: side by side
| CTNM (Contineum Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +72.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 72.4% | 19.6% |
| Beta vs S&P 500 | 0.55 | 1.28 |
| Max drawdown (3Y) | -84.4% | -22.8% |
| Market cap | $0.6B | – |
| 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 | CTNM | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -22.0% | +20.8% |
| 2026 | +50.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNM and QQQ good diversifiers for each other?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTNM and QQQ?
Using weekly returns as of 2026-08-27: 0.05 over 3 years, with -0.06 over the last year and n/a over 5 years.
Is QQQ a good diversifier for CTNM?
Yes: at 0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.05 mean?
On the −1 to +1 scale, 0.05 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
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Related comparisons
Hubs: CTNM correlations · QQQ correlations
