PAC vs QQQ: Correlation
How closely do Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo (PAC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAC and QQQ?
Over the past 3 years, PAC and QQQ moved with a correlation of 0.31, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.31). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 233.8 %².
Out of 12 assets tracked against PAC, QQQ lands near the bottom at #9. The last year tells two different stories: QQQ led by 37.9 percentage points, -11.6% for PAC against +26.3% for QQQ. One caveat on sizing: PAC is 2.0 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.
PAC vs QQQ: side by side
| PAC (Grupo Aeroportuario Del Pacifico, S.A. B. de C.V. Grupo) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -11.6% | +26.3% |
| 5-year return | +135.8% | +95.4% |
| Volatility (ann.) | 39.2% | 19.6% |
| Beta vs S&P 500 | 1.01 | 1.28 |
| Max drawdown (3Y) | -42.8% | -22.8% |
| Market cap | $12.8B | – |
| P/E (trailing) | 19.7 | – |
| Dividend yield | 9.68% | 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 | PAC | QQQ |
|---|---|---|
| 2022 | +9.8% | -32.6% |
| 2023 | +28.6% | +54.9% |
| 2024 | +4.2% | +25.6% |
| 2025 | +56.3% | +20.8% |
| 2026 | -18.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAC and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PAC and QQQ?
As of 2026-08-27, the correlation of weekly returns between PAC and QQQ is 0.31 over 3 years, 0.08 over 1 year and 0.32 over 5 years.
Is QQQ a good diversifier for PAC?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
A reading of 0.31 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/pac-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pac-vs-qqq/)
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Related comparisons
Hubs: PAC correlations · QQQ correlations
