PACS vs QQQ: Correlation
PACS Group, Inc. (PACS) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PACS and QQQ?
On 3 years of weekly data the PACS/QQQ correlation comes out at -0.03, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.16 versus -0.03 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -82.8 %².
By 3-year correlation, QQQ places #12 of the 35 assets tracked against PACS. Correlation aside, the last 12 months split them widely, with PACS ahead by 246.7 points (+273.0% versus +26.3%). Note the risk asymmetry: PACS runs 6.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PACS vs QQQ: side by side
| PACS (PACS Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +273.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 120.5% | 19.6% |
| Beta vs S&P 500 | 0.06 | 1.28 |
| Max drawdown (3Y) | -82.0% | -22.8% |
| Market cap | $7.0B | – |
| P/E (trailing) | 25.9 | – |
| 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 | PACS | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +192.8% | +20.8% |
| 2026 | +15.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PACS and QQQ good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PACS and QQQ?
As of 2026-08-27, the correlation of weekly returns between PACS and QQQ is -0.03 over 3 years, -0.16 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for PACS?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 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
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Related comparisons
Hubs: PACS correlations · QQQ correlations
