P vs QQQ: Correlation
Measured on weekly returns over the past three years, Everpure, Inc. (P) and Invesco QQQ Trust (QQQ) carry a correlation of 0.56, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are P and QQQ?
On 3 years of weekly data the P/QQQ correlation comes out at 0.56, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.56 over 3. The 5-year figure is 0.52, and annualized covariance runs at 644.7 %².
QQQ is one of the assets that tracks P most closely: it ranks #3 out of the 10 assets we track against P. The last year tells two different stories: P led by 36.8 percentage points, +63.1% for P against +26.3% for QQQ. Risk is not evenly split, since P carries 3.0 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.
P vs QQQ: side by side
| P (Everpure, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.1% | +26.3% |
| 5-year return | +288.3% | +95.4% |
| Volatility (ann.) | 58.7% | 19.6% |
| Beta vs S&P 500 | 2.05 | 1.28 |
| Max drawdown (3Y) | -48.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 135.9 | – |
| 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 | P | QQQ |
|---|---|---|
| 2022 | -17.8% | -32.6% |
| 2023 | +33.3% | +54.9% |
| 2024 | +72.3% | +25.6% |
| 2025 | +9.1% | +20.8% |
| 2026 | +48.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are P and QQQ good diversifiers for each other?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between P and QQQ?
Using weekly returns as of 2026-08-27: 0.56 over 3 years, with 0.47 over the last year and 0.52 over 5 years.
Is QQQ a good diversifier for P?
Somewhat, no more. With 0.56 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.56 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/p-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/p-vs-qqq/)
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Related comparisons
Hubs: P correlations · QQQ correlations
