CVLT vs QQQ: Correlation
Commvault Systems, Inc. (CVLT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVLT and QQQ?
Across a 3-year window, the weekly returns of CVLT and QQQ correlate at 0.43, moderate. Little has changed lately, as the 1-year reading of 0.38 lands near the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 371.8 %².
QQQ is close to the least connected end of CVLT's tracked universe, ranking #6 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 50.1 percentage points (-23.8% for CVLT against +26.3% for QQQ). Risk is not evenly split, since CVLT carries 2.3 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.
CVLT vs QQQ: side by side
| CVLT (Commvault Systems, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -23.8% | +26.3% |
| 5-year return | +73.1% | +95.4% |
| Volatility (ann.) | 44.6% | 19.6% |
| Beta vs S&P 500 | 1.29 | 1.28 |
| Max drawdown (3Y) | -61.5% | -22.8% |
| Market cap | $5.8B | – |
| P/E (trailing) | 86.1 | – |
| 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 | CVLT | QQQ |
|---|---|---|
| 2022 | -8.8% | -32.6% |
| 2023 | +27.1% | +54.9% |
| 2024 | +89.0% | +25.6% |
| 2025 | -16.9% | +20.8% |
| 2026 | +12.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVLT and QQQ good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CVLT and QQQ?
As of 2026-08-27, the correlation of weekly returns between CVLT and QQQ is 0.43 over 3 years, 0.38 over 1 year and 0.41 over 5 years.
Is QQQ a good diversifier for CVLT?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
A reading of 0.43 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/cvlt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvlt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVLT correlations · QQQ correlations
