QQQ vs ZONE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and CleanCore Solutions Inc. (ZONE) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and ZONE?
Over the past 3 years, QQQ and ZONE moved with a correlation of 0.11, which is weak. The relationship has been stable: the 1-year correlation (0.16) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 332.5 %².
Within QQQ's tracked universe of 4755 assets, ZONE comes in at #3795 by 3-year correlation. The last year tells two different stories: QQQ led by 124.0 percentage points, +26.3% for QQQ against -97.7% for ZONE. Risk is not evenly split, since ZONE carries 7.6 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.
QQQ vs ZONE: side by side
| QQQ (Invesco QQQ Trust) | ZONE (CleanCore Solutions Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -97.7% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 149.2% |
| Beta vs S&P 500 | 1.28 | 0.94 |
| Max drawdown (3Y) | -22.8% | -97.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | ZONE |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -79.8% |
| 2026 | +17.7% | -43.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and ZONE good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and ZONE?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.16 over the last year and n/a over 5 years.
Is ZONE a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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/qqq-vs-zone.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-zone/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · ZONE correlations
