PBI vs QQQ: Correlation
Pitney Bowes Inc. (PBI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBI and QQQ?
Across a 3-year window, the weekly returns of PBI and QQQ correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.15) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.37, with an annualized covariance of 396.5 %².
Among the 10 assets we track against PBI, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months PBI outperformed by 18.4 percentage points (+44.7% for PBI against +26.3% for QQQ). Risk is not evenly split, since PBI carries 2.6 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.
PBI vs QQQ: side by side
| PBI (Pitney Bowes Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +44.7% | +26.3% |
| 5-year return | +183.6% | +95.4% |
| Volatility (ann.) | 51.4% | 19.6% |
| Beta vs S&P 500 | 1.50 | 1.28 |
| Max drawdown (3Y) | -28.3% | -22.8% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.0 | – |
| Dividend yield | 2.12% | 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 | PBI | QQQ |
|---|---|---|
| 2022 | -39.7% | -32.6% |
| 2023 | +22.2% | +54.9% |
| 2024 | +70.6% | +25.6% |
| 2025 | +50.4% | +20.8% |
| 2026 | +66.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBI and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PBI and QQQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.15 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for PBI?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: PBI correlations · QQQ correlations
