PAGS vs QQQ: Correlation
Measured on weekly returns over the past three years, PagSeguro Digital Ltd. Class A (PAGS) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAGS and QQQ?
On 3 years of weekly data the PAGS/QQQ correlation comes out at 0.37, moderate. The relationship has been stable: the 1-year correlation (0.33) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 306.1 %².
QQQ is close to the least connected end of PAGS's tracked universe, ranking #11 of 14. The last year tells two different stories: QQQ led by 20.7 percentage points, +5.6% for PAGS against +26.3% for QQQ. One caveat on sizing: PAGS is 2.1 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.
PAGS vs QQQ: side by side
| PAGS (PagSeguro Digital Ltd. Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.6% | +26.3% |
| 5-year return | -84.4% | +95.4% |
| Volatility (ann.) | 42.1% | 19.6% |
| Beta vs S&P 500 | 1.17 | 1.28 |
| Max drawdown (3Y) | -57.6% | -22.8% |
| Market cap | $2.5B | – |
| P/E (trailing) | 6.2 | – |
| Dividend yield | 14.99% | 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 | PAGS | QQQ |
|---|---|---|
| 2022 | -66.7% | -32.6% |
| 2023 | +42.7% | +54.9% |
| 2024 | -49.8% | +25.6% |
| 2025 | +58.7% | +20.8% |
| 2026 | -5.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAGS and QQQ good diversifiers for each other?
Reasonably. At 0.37, PAGS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PAGS and QQQ?
As of 2026-08-27, the correlation of weekly returns between PAGS and QQQ is 0.37 over 3 years, 0.33 over 1 year and 0.39 over 5 years.
Is QQQ a good diversifier for PAGS?
Reasonably. At 0.37, PAGS and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/pags-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pags-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAGS correlations · QQQ correlations
