CYRX vs QQQ: Correlation
How closely do CryoPort, Inc. (CYRX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CYRX and QQQ?
On 3 years of weekly data the CYRX/QQQ correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 389.2 %².
QQQ is close to the least connected end of CYRX's tracked universe, ranking #11 of 14. Their recent paths diverged sharply: over the last 12 months CYRX outperformed by 62.6 percentage points (+88.9% for CYRX against +26.3% for QQQ). Note the risk asymmetry: CYRX runs 3.2 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.
CYRX vs QQQ: side by side
| CYRX (CryoPort, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +88.9% | +26.3% |
| 5-year return | -73.7% | +95.4% |
| Volatility (ann.) | 62.3% | 19.6% |
| Beta vs S&P 500 | 1.44 | 1.28 |
| Max drawdown (3Y) | -75.0% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| 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 | CYRX | QQQ |
|---|---|---|
| 2022 | -70.7% | -32.6% |
| 2023 | -10.7% | +54.9% |
| 2024 | -49.8% | +25.6% |
| 2025 | +23.4% | +20.8% |
| 2026 | +72.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CYRX and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CYRX and QQQ?
As of 2026-08-27, the correlation of weekly returns between CYRX and QQQ is 0.32 over 3 years, 0.40 over 1 year and 0.49 over 5 years.
Is QQQ a good diversifier for CYRX?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/cyrx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cyrx-vs-qqq/)
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Related comparisons
Hubs: CYRX correlations · QQQ correlations
