CTSH vs QQQ: Correlation
Measured on weekly returns over the past three years, Cognizant (CTSH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CTSH and QQQ?
Over the past 3 years, CTSH and QQQ moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.12) than the 3-year average (0.31). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 198.8 %².
Among the 44 assets we track against CTSH, QQQ ranks #32 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 36.1 percentage points (-9.8% for CTSH against +26.3% for QQQ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.14 to 0.66. Risk is not evenly split, since CTSH carries 1.6 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.
CTSH vs QQQ: side by side
| CTSH (Cognizant) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.8% | +26.3% |
| 5-year return | -9.6% | +95.4% |
| Volatility (ann.) | 32.3% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -56.1% | -22.8% |
| Market cap | $28.7B | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 2.09% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | CTSH | QQQ |
|---|---|---|
| 2022 | -34.5% | -32.6% |
| 2023 | +34.4% | +54.9% |
| 2024 | +3.5% | +25.6% |
| 2025 | +9.7% | +20.8% |
| 2026 | -21.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CTSH and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CTSH and QQQ?
The CTSH/QQQ correlation stands at 0.31 on a 3-year window (1 year: 0.12, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CTSH?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
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.
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Related comparisons
Hubs: CTSH correlations · QQQ correlations
