PATK vs QQQ: Correlation
Measured on weekly returns over the past three years, Patrick Industries, Inc. (PATK) and Invesco QQQ Trust (QQQ) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PATK and QQQ?
On 3 years of weekly data the PATK/QQQ correlation comes out at 0.31, moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.31). The 5-year figure is 0.40, and annualized covariance runs at 217.9 %².
Out of 16 assets tracked against PATK, QQQ lands near the bottom at #13. Correlation aside, the last 12 months split them widely, with QQQ ahead by 52.1 points (-25.8% versus +26.3%). Note the risk asymmetry: PATK runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PATK vs QQQ: side by side
| PATK (Patrick Industries, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.8% | +26.3% |
| 5-year return | +62.2% | +95.4% |
| Volatility (ann.) | 35.5% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -42.9% | -22.8% |
| Market cap | $2.7B | – |
| P/E (trailing) | 19.9 | – |
| Dividend yield | 2.16% | 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 | PATK | QQQ |
|---|---|---|
| 2022 | -23.1% | -32.6% |
| 2023 | +69.6% | +54.9% |
| 2024 | +26.5% | +25.6% |
| 2025 | +32.7% | +20.8% |
| 2026 | -22.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PATK and QQQ good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PATK and QQQ?
As of 2026-08-27, the correlation of weekly returns between PATK and QQQ is 0.31 over 3 years, 0.02 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for PATK?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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
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Related comparisons
Hubs: PATK correlations · QQQ correlations
