CX vs QQQ: Correlation
Cemex, S.A.B. de C.V. Sponsored ADR (CX) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CX and QQQ?
On 3 years of weekly data the CX/QQQ correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 286.5 %².
Among the 10 assets we track against CX, QQQ sits near the bottom by co-movement, at rank #7. Their 12-month results are close: +23.0% for CX against +26.3% for QQQ. Risk is not evenly split, since CX carries 1.9 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.
CX vs QQQ: side by side
| CX (Cemex, S.A.B. de C.V. Sponsored ADR) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.0% | +26.3% |
| 5-year return | +37.2% | +95.4% |
| Volatility (ann.) | 37.4% | 19.6% |
| Beta vs S&P 500 | 1.14 | 1.28 |
| Max drawdown (3Y) | -44.4% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 31.2 | – |
| 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 | CX | QQQ |
|---|---|---|
| 2022 | -40.3% | -32.6% |
| 2023 | +91.4% | +54.9% |
| 2024 | -26.5% | +25.6% |
| 2025 | +105.1% | +20.8% |
| 2026 | -4.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CX and QQQ good diversifiers for each other?
Reasonably. At 0.39, CX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CX and QQQ?
The CX/QQQ correlation stands at 0.39 on a 3-year window (1 year: 0.34, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CX?
Reasonably. At 0.39, CX and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cx-vs-qqq/)
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Related comparisons
Hubs: CX correlations · QQQ correlations
