CUE vs QQQ: Correlation
Cue Biopharma, Inc. (CUE) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CUE and QQQ?
Across a 3-year window, the weekly returns of CUE and QQQ correlate at 0.25, weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 773.9 %².
Among the 15 assets we track against CUE, QQQ ranks #9 by 3-year correlation. Over the last 12 months QQQ came out ahead by 12.7 percentage points (+13.6% against +26.3%). Risk is not evenly split, since CUE carries 7.9 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.
CUE vs QQQ: side by side
| CUE (Cue Biopharma, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.6% | +26.3% |
| 5-year return | -92.2% | +95.4% |
| Volatility (ann.) | 155.6% | 19.6% |
| Beta vs S&P 500 | 2.74 | 1.28 |
| Max drawdown (3Y) | -94.3% | -22.8% |
| Market cap | $0.2B | – |
| 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 | CUE | QQQ |
|---|---|---|
| 2022 | -74.8% | -32.6% |
| 2023 | -7.4% | +54.9% |
| 2024 | -58.7% | +25.6% |
| 2025 | -72.0% | +20.8% |
| 2026 | +207.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CUE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CUE and QQQ?
The CUE/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.29, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CUE?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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: CUE correlations · QQQ correlations
