PASG vs QQQ: Correlation
Passage Bio, Inc. (PASG) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PASG and QQQ?
On 3 years of weekly data the PASG/QQQ correlation comes out at 0.18, weak. Little has changed lately, as the 1-year reading of 0.24 lands near the 3-year figure. The 5-year figure is 0.22, and annualized covariance runs at 448.9 %².
Among the 14 assets we track against PASG, QQQ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 64.8 percentage points (-38.5% for PASG against +26.3% for QQQ). One caveat on sizing: PASG is 6.6 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.
PASG vs QQQ: side by side
| PASG (Passage Bio, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -38.5% | +26.3% |
| 5-year return | -98.1% | +95.4% |
| Volatility (ann.) | 128.4% | 19.6% |
| Beta vs S&P 500 | 2.11 | 1.28 |
| Max drawdown (3Y) | -88.2% | -22.8% |
| Market cap | – | – |
| 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 | PASG | QQQ |
|---|---|---|
| 2022 | -78.3% | -32.6% |
| 2023 | -26.8% | +54.9% |
| 2024 | -43.9% | +25.6% |
| 2025 | +4.1% | +20.8% |
| 2026 | -63.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PASG and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, PASG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PASG and QQQ?
The PASG/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.24, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PASG?
Yes. With a correlation of 0.18, PASG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pasg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pasg-vs-qqq/)
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Related comparisons
Hubs: PASG correlations · QQQ correlations
