PARR vs QQQ: Correlation
Par Pacific Holdings, Inc. (PARR) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PARR and QQQ?
Over the past 3 years, PARR and QQQ moved with a correlation of -0.02, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.33) than the 3-year average (-0.02). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is -15.4 %².
Within PARR's tracked universe of 22 assets, QQQ comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PARR ahead by 99.2 points (+125.5% versus +26.3%). One caveat on sizing: PARR is 2.6 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.
PARR vs QQQ: side by side
| PARR (Par Pacific Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +125.5% | +26.3% |
| 5-year return | +375.6% | +95.4% |
| Volatility (ann.) | 51.3% | 19.6% |
| Beta vs S&P 500 | 0.13 | 1.28 |
| Max drawdown (3Y) | -69.7% | -22.8% |
| Market cap | $3.9B | – |
| P/E (trailing) | 4.4 | – |
| 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 | PARR | QQQ |
|---|---|---|
| 2022 | +41.0% | -32.6% |
| 2023 | +56.4% | +54.9% |
| 2024 | -54.9% | +25.6% |
| 2025 | +114.4% | +20.8% |
| 2026 | +119.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PARR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between PARR and QQQ?
As of 2026-08-27, the correlation of weekly returns between PARR and QQQ is -0.02 over 3 years, -0.33 over 1 year and 0.07 over 5 years.
Is QQQ a good diversifier for PARR?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 mean?
A reading of -0.02 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/parr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/parr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PARR correlations · QQQ correlations
