PBR vs QQQ: Correlation
Petroleo Brasileiro S.A. Petrobras (PBR) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBR and QQQ?
Over the past 3 years, PBR and QQQ moved with a correlation of -0.09, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.33 versus -0.09 over 3 years. Over 5 years the correlation is 0.00, and the annualized covariance of weekly returns is -60.8 %².
Within PBR's tracked universe of 15 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PBR ahead by 29.8 points (+56.1% versus +26.3%). One caveat on sizing: PBR is 1.7 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.
PBR vs QQQ: side by side
| PBR (Petroleo Brasileiro S.A. Petrobras) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +56.1% | +26.3% |
| 5-year return | +417.1% | +95.4% |
| Volatility (ann.) | 32.9% | 19.6% |
| Beta vs S&P 500 | -0.08 | 1.28 |
| Max drawdown (3Y) | -26.9% | -22.8% |
| Market cap | $117.6B | – |
| P/E (trailing) | 4.5 | – |
| Dividend yield | 20.65% | 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 | PBR | QQQ |
|---|---|---|
| 2022 | +57.2% | -32.6% |
| 2023 | +89.2% | +54.9% |
| 2024 | -2.3% | +25.6% |
| 2025 | -1.1% | +20.8% |
| 2026 | +60.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBR and QQQ good diversifiers for each other?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PBR and QQQ?
Using weekly returns as of 2026-08-27: -0.09 over 3 years, with -0.33 over the last year and 0.00 over 5 years.
Is QQQ a good diversifier for PBR?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.09 mean?
A reading of -0.09 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/pbr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pbr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PBR correlations · QQQ correlations
