CVGI vs QQQ: Correlation
Commercial Vehicle Group, Inc. (CVGI) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVGI and QQQ?
Across a 3-year window, the weekly returns of CVGI and QQQ correlate at 0.13, weak. Little has changed lately, as the 1-year reading of 0.07 lands near the 3-year figure. Stretching to 5 years gives 0.24, with an annualized covariance of 214.7 %².
By 3-year correlation, QQQ places #11 of the 16 assets tracked against CVGI. The last year tells two different stories: CVGI led by 52.4 percentage points, +78.7% for CVGI against +26.3% for QQQ. One caveat on sizing: CVGI is 4.2 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.
CVGI vs QQQ: side by side
| CVGI (Commercial Vehicle Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +78.7% | +26.3% |
| 5-year return | -70.3% | +95.4% |
| Volatility (ann.) | 81.5% | 19.6% |
| Beta vs S&P 500 | 0.77 | 1.28 |
| Max drawdown (3Y) | -91.0% | -22.8% |
| Market cap | $0.1B | – |
| 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 | CVGI | QQQ |
|---|---|---|
| 2022 | -15.5% | -32.6% |
| 2023 | +2.9% | +54.9% |
| 2024 | -64.6% | +25.6% |
| 2025 | -41.9% | +20.8% |
| 2026 | +120.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVGI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, CVGI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CVGI and QQQ?
As of 2026-08-27, the correlation of weekly returns between CVGI and QQQ is 0.13 over 3 years, 0.07 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for CVGI?
Yes. With a correlation of 0.13, CVGI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvgi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvgi-vs-qqq/)
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Related comparisons
Hubs: CVGI correlations · QQQ correlations
