CVU vs QQQ: Correlation
Measured on weekly returns over the past three years, CPI Aerostructures, Inc. (CVU) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVU and QQQ?
On 3 years of weekly data the CVU/QQQ correlation comes out at 0.19, weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 208.9 %².
Among the 11 assets we track against CVU, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months CVU outperformed by 93.5 percentage points (+119.8% for CVU against +26.3% for QQQ). Risk is not evenly split, since CVU carries 2.8 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.
CVU vs QQQ: side by side
| CVU (CPI Aerostructures, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +119.8% | +26.3% |
| 5-year return | +71.7% | +95.4% |
| Volatility (ann.) | 55.3% | 19.6% |
| Beta vs S&P 500 | 0.70 | 1.28 |
| Max drawdown (3Y) | -63.8% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 18.4 | – |
| 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 | CVU | QQQ |
|---|---|---|
| 2022 | +17.2% | -32.6% |
| 2023 | -14.7% | +54.9% |
| 2024 | +48.4% | +25.6% |
| 2025 | -2.2% | +20.8% |
| 2026 | +34.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVU and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between CVU and QQQ?
As of 2026-08-27, the correlation of weekly returns between CVU and QQQ is 0.19 over 3 years, 0.20 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for CVU?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 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/cvu-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cvu-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVU correlations · QQQ correlations
