PDCC vs QQQ: Correlation
Measured on weekly returns over the past three years, Pearl Diver Credit Company Inc. (PDCC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDCC and QQQ?
Over the past 3 years, PDCC and QQQ moved with a correlation of 0.06, which is near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.06 over 1 year against 0.06 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 34.5 %².
By 3-year correlation, QQQ places #8 of the 18 assets tracked against PDCC. The last year tells two different stories: QQQ led by 64.3 percentage points, -38.0% for PDCC against +26.3% for QQQ.
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.
PDCC vs QQQ: side by side
| PDCC (Pearl Diver Credit Company Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -38.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 26.4% | 19.6% |
| Beta vs S&P 500 | 0.17 | 1.28 |
| Max drawdown (3Y) | -47.3% | -22.8% |
| Market cap | $0.1B | – |
| 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 | PDCC | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -20.9% | +20.8% |
| 2026 | -27.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDCC and QQQ good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PDCC and QQQ?
The PDCC/QQQ correlation stands at 0.06 on a 3-year window (1 year: 0.06, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PDCC?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pdcc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pdcc-vs-qqq/)
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Related comparisons
Hubs: PDCC correlations · QQQ correlations
