CVKD vs QQQ: Correlation
How closely do Cadrenal Therapeutics, Inc. (CVKD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVKD and QQQ?
Across a 3-year window, the weekly returns of CVKD and QQQ correlate at 0.22, weak. Lately the two have moved closer together, with the 1-year correlation at 0.35 versus 0.22 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 406.6 %².
Among the 10 assets we track against CVKD, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 115.1 percentage points (-88.8% for CVKD against +26.3% for QQQ). One caveat on sizing: CVKD is 4.8 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.
CVKD vs QQQ: side by side
| CVKD (Cadrenal Therapeutics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -88.8% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 94.8% | 19.6% |
| Beta vs S&P 500 | 1.51 | 1.28 |
| Max drawdown (3Y) | -94.4% | -22.8% |
| Market cap | – | – |
| 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 | CVKD | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +30.5% | +25.6% |
| 2025 | -53.2% | +20.8% |
| 2026 | -76.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVKD and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVKD and QQQ?
The CVKD/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.35, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CVKD?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
On the −1 to +1 scale, 0.22 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
$ curl https://www.pairbook.io/api/v1/pairs/cvkd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvkd-vs-qqq/)
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Related comparisons
Hubs: CVKD correlations · QQQ correlations
