CTRE vs QQQ: Correlation
How closely do CareTrust REIT, Inc. (CTRE) 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 CTRE and QQQ?
Across a 3-year window, the weekly returns of CTRE and QQQ correlate at 0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.02 over 1 year against 0.05 over 3. Stretching to 5 years gives 0.28, with an annualized covariance of 21.8 %².
Among the 11 assets we track against CTRE, QQQ sits near the bottom by co-movement, at rank #7. On 12-month performance QQQ holds a 8.0-point edge, +18.3% against +26.3%.
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.
CTRE vs QQQ: side by side
| CTRE (CareTrust REIT, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.3% | +26.3% |
| 5-year return | +130.3% | +95.4% |
| Volatility (ann.) | 21.1% | 19.6% |
| Beta vs S&P 500 | 0.18 | 1.28 |
| Max drawdown (3Y) | -23.2% | -22.8% |
| Market cap | $9.3B | – |
| P/E (trailing) | 24.9 | – |
| Dividend yield | 3.63% | 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 | CTRE | QQQ |
|---|---|---|
| 2022 | -13.7% | -32.6% |
| 2023 | +27.3% | +54.9% |
| 2024 | +26.3% | +25.6% |
| 2025 | +39.4% | +20.8% |
| 2026 | +11.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRE and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
FAQ
What is the correlation between CTRE and QQQ?
The CTRE/QQQ correlation stands at 0.05 on a 3-year window (1 year: 0.02, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CTRE?
By historical standards, yes. A correlation of 0.05 means the two rarely move for the same reasons.
What does a correlation of 0.05 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.
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Related comparisons
Hubs: CTRE correlations · QQQ correlations
