PAHC vs QQQ: Correlation
Phibro Animal Health Corporation (PAHC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAHC and QQQ?
Over the past 3 years, PAHC and QQQ moved with a correlation of 0.10, which is weak. The past 12 months show a weaker link (-0.26) than the 3-year average (0.10). Over 5 years the correlation is 0.15, and the annualized covariance of weekly returns is 105.5 %².
Among the 12 assets we track against PAHC, QQQ sits near the bottom by co-movement, at rank #8. On 12-month performance QQQ holds a 12.0-point edge, +14.3% against +26.3%. Risk is not evenly split, since PAHC carries 2.7 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.
PAHC vs QQQ: side by side
| PAHC (Phibro Animal Health Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.3% | +26.3% |
| 5-year return | +73.3% | +95.4% |
| Volatility (ann.) | 53.5% | 19.6% |
| Beta vs S&P 500 | 0.79 | 1.28 |
| Max drawdown (3Y) | -52.1% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 15.5 | – |
| 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 | PAHC | QQQ |
|---|---|---|
| 2022 | -32.3% | -32.6% |
| 2023 | -10.4% | +54.9% |
| 2024 | +86.3% | +25.6% |
| 2025 | +80.8% | +20.8% |
| 2026 | -2.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAHC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between PAHC and QQQ?
As of 2026-08-27, the correlation of weekly returns between PAHC and QQQ is 0.10 over 3 years, -0.26 over 1 year and 0.15 over 5 years.
Is QQQ a good diversifier for PAHC?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: PAHC correlations · QQQ correlations
