CXM vs QQQ: Correlation
Measured on weekly returns over the past three years, Sprinklr, Inc. (CXM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CXM and QQQ?
Across a 3-year window, the weekly returns of CXM and QQQ correlate at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.29 over 3 years. Stretching to 5 years gives 0.46, with an annualized covariance of 228.7 %².
Out of 13 assets tracked against CXM, QQQ lands near the bottom at #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 34.6 points (-8.3% versus +26.3%). One caveat on sizing: CXM is 2.1 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.
CXM vs QQQ: side by side
| CXM (Sprinklr, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -8.3% | +26.3% |
| 5-year return | -49.6% | +95.4% |
| Volatility (ann.) | 40.4% | 19.6% |
| Beta vs S&P 500 | 0.91 | 1.28 |
| Max drawdown (3Y) | -71.1% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 61.1 | – |
| 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 | CXM | QQQ |
|---|---|---|
| 2022 | -48.5% | -32.6% |
| 2023 | +47.4% | +54.9% |
| 2024 | -29.8% | +25.6% |
| 2025 | -7.9% | +20.8% |
| 2026 | +2.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CXM and QQQ good diversifiers for each other?
Reasonably. At 0.29, CXM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CXM and QQQ?
The CXM/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.13, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for CXM?
Reasonably. At 0.29, CXM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/cxm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cxm-vs-qqq/)
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Related comparisons
Hubs: CXM correlations · QQQ correlations
