JCSE vs QQQ: Correlation
JE Cleantech Holdings Limited (JCSE) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JCSE and QQQ?
On 3 years of weekly data the JCSE/QQQ correlation comes out at 0.00, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.20) than the 3-year average (0.00). The 5-year figure is 0.02, and annualized covariance runs at 11.9 %².
Among the 14 assets we track against JCSE, QQQ ranks #8 by 3-year correlation. The last year tells two different stories: JCSE led by 79.6 percentage points, +105.9% for JCSE against +26.3% for QQQ. Risk is not evenly split, since JCSE carries 6.3 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.
JCSE vs QQQ: side by side
| JCSE (JE Cleantech Holdings Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +105.9% | +26.3% |
| 5-year return | -96.2% | +95.4% |
| Volatility (ann.) | 123.3% | 19.6% |
| Beta vs S&P 500 | 0.09 | 1.28 |
| Max drawdown (3Y) | -64.2% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 3.1 | – |
| Dividend yield | 36.52% | 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 | JCSE | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -66.0% | +54.9% |
| 2024 | +92.4% | +25.6% |
| 2025 | -23.1% | +20.8% |
| 2026 | +94.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JCSE and QQQ good diversifiers for each other?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between JCSE and QQQ?
As of 2026-08-27, the correlation of weekly returns between JCSE and QQQ is 0.00 over 3 years, 0.20 over 1 year and 0.02 over 5 years.
Is QQQ a good diversifier for JCSE?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.00 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.
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Related comparisons
Hubs: JCSE correlations · QQQ correlations
