PCF vs QQQ: Correlation
Measured on weekly returns over the past three years, High Income Securities Fund (PCF) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCF and QQQ?
Over the past 3 years, PCF and QQQ moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 124.4 %².
Among the 11 assets we track against PCF, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 30.2 percentage points, -3.9% for PCF against +26.3% for QQQ. One caveat on sizing: QQQ is 1.5 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.
PCF vs QQQ: side by side
| PCF (High Income Securities Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.9% | +26.3% |
| 5-year return | -2.1% | +95.4% |
| Volatility (ann.) | 12.8% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -13.8% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 13.22% | 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 | PCF | QQQ |
|---|---|---|
| 2022 | -15.6% | -32.6% |
| 2023 | +10.4% | +54.9% |
| 2024 | +13.8% | +25.6% |
| 2025 | +5.2% | +20.8% |
| 2026 | -3.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCF and QQQ good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCF and QQQ?
The PCF/QQQ correlation stands at 0.50 on a 3-year window (1 year: 0.46, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PCF?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/pcf-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pcf-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PCF correlations · QQQ correlations
