CTNT vs QQQ: Correlation
Cheetah Net Supply Chain Service Inc. (CTNT) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.08.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTNT and QQQ?
Across a 3-year window, the weekly returns of CTNT and QQQ correlate at 0.08, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.23) runs below the 3-year figure (0.08). Stretching to 5 years gives n/a, with an annualized covariance of 687.1 %².
Among the 21 assets we track against CTNT, QQQ ranks #12 by 3-year correlation. The last year tells two different stories: QQQ led by 125.9 percentage points, -99.6% for CTNT against +26.3% for QQQ. Risk is not evenly split, since CTNT carries 23.5 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.
CTNT vs QQQ: side by side
| CTNT (Cheetah Net Supply Chain Service Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.6% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 461.2% | 19.6% |
| Beta vs S&P 500 | 2.82 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| 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 | CTNT | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -85.3% | +25.6% |
| 2025 | -61.4% | +20.8% |
| 2026 | -99.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTNT and QQQ good diversifiers for each other?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CTNT and QQQ?
The CTNT/QQQ correlation stands at 0.08 on a 3-year window (1 year: -0.23, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CTNT?
Yes: at 0.08, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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: CTNT correlations · QQQ correlations
