PARA vs QQQ: Correlation
Banzai International, Inc. (PARA) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARA and QQQ?
On 3 years of weekly data the PARA/QQQ correlation comes out at 0.00, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.09 lands near the 3-year figure. The 5-year figure is -0.01, and annualized covariance runs at 3.8 %².
By 3-year correlation, QQQ places #6 of the 20 assets tracked against PARA. The last year tells two different stories: QQQ led by 124.5 percentage points, -98.2% for PARA against +26.3% for QQQ. One caveat on sizing: PARA is 5.8 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.
PARA vs QQQ: side by side
| PARA (Banzai International, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -98.2% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 114.5% | 19.6% |
| Beta vs S&P 500 | -0.02 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.1 | – |
| 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 | PARA | QQQ |
|---|---|---|
| 2022 | +3.7% | -32.6% |
| 2023 | -81.4% | +54.9% |
| 2024 | -98.4% | +25.6% |
| 2025 | -93.7% | +20.8% |
| 2026 | -93.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between PARA and QQQ?
Using weekly returns as of 2026-08-27: 0.00 over 3 years, with 0.09 over the last year and -0.01 over 5 years.
Is QQQ a good diversifier for PARA?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
What does a correlation of 0.00 mean?
A reading of 0.00 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/para-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/para-vs-qqq/)
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Related comparisons
Hubs: PARA correlations · QQQ correlations
