PDI vs QQQ: Correlation
PIMCO Dynamic Income Fund (PDI) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDI and QQQ?
Across a 3-year window, the weekly returns of PDI and QQQ correlate at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 122.8 %².
Out of 13 assets tracked against PDI, QQQ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 33.9 percentage points (-7.6% for PDI 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.
PDI vs QQQ: side by side
| PDI (PIMCO Dynamic Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -7.6% | +26.3% |
| 5-year return | +11.0% | +95.4% |
| Volatility (ann.) | 14.3% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -14.4% | -22.8% |
| Market cap | $7.1B | – |
| P/E (trailing) | 7.5 | – |
| 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 | PDI | QQQ |
|---|---|---|
| 2022 | -17.0% | -32.6% |
| 2023 | +12.0% | +54.9% |
| 2024 | +17.2% | +25.6% |
| 2025 | +11.1% | +20.8% |
| 2026 | -3.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDI and QQQ good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PDI and QQQ?
As of 2026-08-27, the correlation of weekly returns between PDI and QQQ is 0.44 over 3 years, 0.34 over 1 year and 0.49 over 5 years.
Is QQQ a good diversifier for PDI?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/pdi-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pdi-vs-qqq/)
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Related comparisons
Hubs: PDI correlations · QQQ correlations
