CVR vs QQQ: Correlation
How closely do Chicago Rivet & Machine Co. (CVR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVR and QQQ?
Across a 3-year window, the weekly returns of CVR and QQQ correlate at 0.25, weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 247.6 %².
QQQ is close to the least connected end of CVR's tracked universe, ranking #7 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.3 percentage points (+1.0% for CVR against +26.3% for QQQ). Note the risk asymmetry: CVR runs 2.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CVR vs QQQ: side by side
| CVR (Chicago Rivet & Machine Co.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.0% | +26.3% |
| 5-year return | -56.4% | +95.4% |
| Volatility (ann.) | 50.8% | 19.6% |
| Beta vs S&P 500 | 0.97 | 1.28 |
| Max drawdown (3Y) | -58.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.87% | 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 | CVR | QQQ |
|---|---|---|
| 2022 | +12.5% | -32.6% |
| 2023 | -39.0% | +54.9% |
| 2024 | -4.8% | +25.6% |
| 2025 | -11.3% | +20.8% |
| 2026 | -27.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVR and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CVR and QQQ?
The CVR/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.20, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CVR?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
A reading of 0.25 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/cvr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvr-vs-qqq/)
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Related comparisons
Hubs: CVR correlations · QQQ correlations
