P vs QQQM: Correlation
Measured on weekly returns over the past three years, Everpure, Inc. (P) and Invesco Nasdaq 100 ETF (QQQM) 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 QQQM?
Over the past 3 years, P and QQQM moved with a correlation of 0.56, which is moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.56 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 641.1 %².
Among the 10 assets we track against P, QQQM ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months P outperformed by 36.7 percentage points (+63.1% for P against +26.4% for QQQM). One caveat on sizing: P is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 QQQM: side by side
| P (Everpure, Inc.) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +63.1% | +26.4% |
| 5-year return | +288.3% | +96.1% |
| Volatility (ann.) | 58.7% | 19.5% |
| Beta vs S&P 500 | 2.05 | 1.28 |
| Max drawdown (3Y) | -48.6% | -22.7% |
| Market cap | – | – |
| P/E (trailing) | 135.9 | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | P | QQQM |
|---|---|---|
| 2022 | -17.8% | -32.5% |
| 2023 | +33.3% | +55.0% |
| 2024 | +72.3% | +25.7% |
| 2025 | +9.1% | +20.9% |
| 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 QQQM good diversifiers for each other?
Only partially. A correlation of 0.56 means P and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between P and QQQM?
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 QQQM a good diversifier for P?
Only partially. A correlation of 0.56 means P and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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.
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Related comparisons
Hubs: P correlations · QQQM correlations
