PAR vs QQQ: Correlation
PAR Technology Corporation (PAR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAR and QQQ?
Over the past 3 years, PAR and QQQ moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.38 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 420.2 %².
Among the 21 assets we track against PAR, QQQ sits near the bottom by co-movement, at rank #17. The last year tells two different stories: QQQ led by 89.5 percentage points, -63.2% for PAR against +26.3% for QQQ. One caveat on sizing: PAR is 2.9 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.
PAR vs QQQ: side by side
| PAR (PAR Technology Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -63.2% | +26.3% |
| 5-year return | -71.7% | +95.4% |
| Volatility (ann.) | 56.2% | 19.6% |
| Beta vs S&P 500 | 1.72 | 1.28 |
| Max drawdown (3Y) | -85.4% | -22.8% |
| Market cap | $0.8B | – |
| 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 | PAR | QQQ |
|---|---|---|
| 2022 | -50.6% | -32.6% |
| 2023 | +67.0% | +54.9% |
| 2024 | +66.9% | +25.6% |
| 2025 | -50.1% | +20.8% |
| 2026 | -47.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAR and QQQ good diversifiers for each other?
Reasonably. At 0.38, PAR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PAR and QQQ?
As of 2026-08-27, the correlation of weekly returns between PAR and QQQ is 0.38 over 3 years, 0.27 over 1 year and 0.48 over 5 years.
Is QQQ a good diversifier for PAR?
Reasonably. At 0.38, PAR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 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/par-vs-qqq.json
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Related comparisons
Hubs: PAR correlations · QQQ correlations
