CVI vs QQQ: Correlation
Measured on weekly returns over the past three years, CVR Energy Inc. (CVI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVI and QQQ?
Over the past 3 years, CVI and QQQ moved with a correlation of 0.13, which is weak. The link has loosened recently: the 1-year correlation (-0.23) runs below the 3-year figure (0.13). Over 5 years the correlation is 0.10, and the annualized covariance of weekly returns is 134.8 %².
By 3-year correlation, QQQ places #7 of the 12 assets tracked against CVI. The trailing year gives CVI the advantage: +35.3% versus +26.3%, a 9.0-point spread. One caveat on sizing: CVI is 2.6 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.
CVI vs QQQ: side by side
| CVI (CVR Energy Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.3% | +26.3% |
| 5-year return | +297.3% | +95.4% |
| Volatility (ann.) | 51.8% | 19.6% |
| Beta vs S&P 500 | 0.71 | 1.28 |
| Max drawdown (3Y) | -56.2% | -22.8% |
| Market cap | $4.0B | – |
| P/E (trailing) | 58.5 | – |
| Dividend yield | 1.42% | 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 | CVI | QQQ |
|---|---|---|
| 2022 | +115.4% | -32.6% |
| 2023 | +11.5% | +54.9% |
| 2024 | -34.9% | +25.6% |
| 2025 | +35.8% | +20.8% |
| 2026 | +57.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVI and QQQ good diversifiers for each other?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CVI and QQQ?
The CVI/QQQ correlation stands at 0.13 on a 3-year window (1 year: -0.23, 5 years: 0.10), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CVI?
Yes: at 0.13, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.13 mean?
A reading of 0.13 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/cvi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvi-vs-qqq/)
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Related comparisons
Hubs: CVI correlations · QQQ correlations
