PAVS vs QQQ: Correlation
How closely do Paranovus Entertainment Technology Ltd. - Class A (PAVS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.12, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAVS and QQQ?
Across a 3-year window, the weekly returns of PAVS and QQQ correlate at 0.12, weak. Lately the two have moved closer together, with the 1-year correlation at 0.24 versus 0.12 over 3 years. Stretching to 5 years gives 0.09, with an annualized covariance of 311.6 %².
By 3-year correlation, QQQ places #6 of the 13 assets tracked against PAVS. The last year tells two different stories: QQQ led by 126.3 percentage points, -100.0% for PAVS against +26.3% for QQQ. Risk is not evenly split, since PAVS carries 6.8 times the volatility of the other side.
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.
PAVS vs QQQ: side by side
| PAVS (Paranovus Entertainment Technology Ltd. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -100.0% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 133.6% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -100.0% | -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 | PAVS | QQQ |
|---|---|---|
| 2022 | -61.1% | -32.6% |
| 2023 | -44.6% | +54.9% |
| 2024 | -44.4% | +25.6% |
| 2025 | -98.7% | +20.8% |
| 2026 | -99.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAVS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, PAVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PAVS and QQQ?
Using weekly returns as of 2026-08-27: 0.12 over 3 years, with 0.24 over the last year and 0.09 over 5 years.
Is QQQ a good diversifier for PAVS?
Yes. With a correlation of 0.12, PAVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
A reading of 0.12 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/pavs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pavs-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAVS correlations · QQQ correlations
