CTRI vs QQQ: Correlation
How closely do Centuri Holdings, Inc. (CTRI) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTRI and QQQ?
On 3 years of weekly data the CTRI/QQQ correlation comes out at 0.23, weak. The past 12 months show a weaker link (-0.01) than the 3-year average (0.23). The 5-year figure is n/a, and annualized covariance runs at 227.4 %².
Among the 14 assets we track against CTRI, QQQ ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 22.8 percentage points (+3.5% for CTRI against +26.3% for QQQ). One caveat on sizing: CTRI is 2.5 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.
CTRI vs QQQ: side by side
| CTRI (Centuri Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +3.5% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 48.1% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -50.3% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 64.0 | – |
| 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 | CTRI | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +30.8% | +20.8% |
| 2026 | -16.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTRI 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 CTRI and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with -0.01 over the last year and n/a over 5 years.
Is QQQ a good diversifier for CTRI?
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?
On the −1 to +1 scale, 0.23 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
$ curl https://www.pairbook.io/api/v1/pairs/ctri-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ctri-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CTRI correlations · QQQ correlations
