CVCO vs QQQ: Correlation
Cavco Industries, Inc. (CVCO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVCO and QQQ?
Across a 3-year window, the weekly returns of CVCO and QQQ correlate at 0.26, weak. Recent behaviour matches the longer record: 0.17 over 1 year against 0.26 over 3. Stretching to 5 years gives 0.41, with an annualized covariance of 204.9 %².
Out of 13 assets tracked against CVCO, QQQ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 18.7 points (+7.6% versus +26.3%). One caveat on sizing: CVCO is 2.0 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.
CVCO vs QQQ: side by side
| CVCO (Cavco Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.6% | +26.3% |
| 5-year return | +119.4% | +95.4% |
| Volatility (ann.) | 39.8% | 19.6% |
| Beta vs S&P 500 | 0.96 | 1.28 |
| Max drawdown (3Y) | -34.7% | -22.8% |
| Market cap | $4.4B | – |
| P/E (trailing) | 25.1 | – |
| 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 | CVCO | QQQ |
|---|---|---|
| 2022 | -28.8% | -32.6% |
| 2023 | +53.2% | +54.9% |
| 2024 | +28.7% | +25.6% |
| 2025 | +32.4% | +20.8% |
| 2026 | -3.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVCO and QQQ good diversifiers for each other?
Reasonably. At 0.26, CVCO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CVCO and QQQ?
The CVCO/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.17, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CVCO?
Reasonably. At 0.26, CVCO and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvco-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvco-vs-qqq/)
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Related comparisons
Hubs: CVCO correlations · QQQ correlations
