CTOS vs QQQ: Correlation
Custom Truck One Source, Inc. (CTOS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.31.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTOS and QQQ?
On 3 years of weekly data the CTOS/QQQ correlation comes out at 0.31, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. The 5-year figure is 0.36, and annualized covariance runs at 328.8 %².
Among the 13 assets we track against CTOS, QQQ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: CTOS led by 35.0 percentage points, +61.3% for CTOS against +26.3% for QQQ. Risk is not evenly split, since CTOS carries 2.8 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.
CTOS vs QQQ: side by side
| CTOS (Custom Truck One Source, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +61.3% | +26.3% |
| 5-year return | +8.1% | +95.4% |
| Volatility (ann.) | 54.4% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -55.6% | -22.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | 107.3 | – |
| 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 | CTOS | QQQ |
|---|---|---|
| 2022 | -21.0% | -32.6% |
| 2023 | -2.2% | +54.9% |
| 2024 | -22.2% | +25.6% |
| 2025 | +19.8% | +20.8% |
| 2026 | +67.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTOS and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CTOS and QQQ?
The CTOS/QQQ correlation stands at 0.31 on a 3-year window (1 year: 0.27, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CTOS?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ctos-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctos-vs-qqq/)
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Related comparisons
Hubs: CTOS correlations · QQQ correlations
