PCOR vs QQQ: Correlation
Measured on weekly returns over the past three years, Procore Technologies, Inc. (PCOR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCOR and QQQ?
On 3 years of weekly data the PCOR/QQQ correlation comes out at 0.37, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.37 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 334.3 %².
Among the 21 assets we track against PCOR, QQQ sits near the bottom by co-movement, at rank #18. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 32.3 percentage points (-6.0% for PCOR against +26.3% for QQQ). One caveat on sizing: PCOR is 2.4 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.
PCOR vs QQQ: side by side
| PCOR (Procore Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -6.0% | +26.3% |
| 5-year return | -32.7% | +95.4% |
| Volatility (ann.) | 46.4% | 19.6% |
| Beta vs S&P 500 | 1.31 | 1.28 |
| Max drawdown (3Y) | -56.6% | -22.8% |
| Market cap | $9.7B | – |
| 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 | PCOR | QQQ |
|---|---|---|
| 2022 | -41.0% | -32.6% |
| 2023 | +46.7% | +54.9% |
| 2024 | +8.2% | +25.6% |
| 2025 | -2.9% | +20.8% |
| 2026 | -12.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCOR and QQQ good diversifiers for each other?
Reasonably. At 0.37, PCOR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PCOR and QQQ?
As of 2026-08-27, the correlation of weekly returns between PCOR and QQQ is 0.37 over 3 years, 0.09 over 1 year and 0.52 over 5 years.
Is QQQ a good diversifier for PCOR?
Reasonably. At 0.37, PCOR and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 mean?
A reading of 0.37 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/pcor-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pcor-vs-qqq/)
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Related comparisons
Hubs: PCOR correlations · QQQ correlations
