CYPH vs QQQ: Correlation
Measured on weekly returns over the past three years, Cypherpunk Technologies Inc. (CYPH) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYPH and QQQ?
Over the past 3 years, CYPH and QQQ moved with a correlation of 0.06, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.01 lands near the 3-year figure. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 346.5 %².
Out of 10 assets tracked against CYPH, QQQ lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months CYPH outperformed by 523.2 percentage points (+549.5% for CYPH against +26.3% for QQQ). Note the risk asymmetry: CYPH runs 16.3 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.
CYPH vs QQQ: side by side
| CYPH (Cypherpunk Technologies Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +549.5% | +26.3% |
| 5-year return | -89.0% | +95.4% |
| Volatility (ann.) | 319.9% | 19.6% |
| Beta vs S&P 500 | 1.42 | 1.28 |
| Max drawdown (3Y) | -94.9% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 3.0 | – |
| 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 | CYPH | QQQ |
|---|---|---|
| 2022 | -86.1% | -32.6% |
| 2023 | -7.9% | +54.9% |
| 2024 | -30.6% | +25.6% |
| 2025 | -59.7% | +20.8% |
| 2026 | +62.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYPH and QQQ good diversifiers for each other?
Yes. With a correlation of 0.06, CYPH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CYPH and QQQ?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with -0.01 over the last year and 0.09 over 5 years.
Is QQQ a good diversifier for CYPH?
Yes. With a correlation of 0.06, CYPH and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
A reading of 0.06 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/cyph-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cyph-vs-qqq/)
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Related comparisons
Hubs: CYPH correlations · QQQ correlations
