PAL vs QQQ: Correlation
Proficient Auto Logistics, Inc. (PAL) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAL and QQQ?
Over the past 3 years, PAL and QQQ moved with a correlation of 0.26, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.26 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 422.4 %².
Within PAL's tracked universe of 15 assets, QQQ comes in at #8 by 3-year correlation. The last year tells two different stories: QQQ led by 60.6 percentage points, -34.3% for PAL against +26.3% for QQQ. Risk is not evenly split, since PAL carries 4.1 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.
PAL vs QQQ: side by side
| PAL (Proficient Auto Logistics, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -34.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 79.8% | 19.6% |
| Beta vs S&P 500 | 1.84 | 1.28 |
| Max drawdown (3Y) | -76.0% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| 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 | PAL | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +19.5% | +20.8% |
| 2026 | -44.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAL and QQQ good diversifiers for each other?
Reasonably. At 0.26, PAL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PAL and QQQ?
As of 2026-08-27, the correlation of weekly returns between PAL and QQQ is 0.26 over 3 years, 0.14 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for PAL?
Reasonably. At 0.26, PAL and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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/pal-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pal-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAL correlations · QQQ correlations
