PDLB vs QQQ: Correlation
Ponce Financial Group, Inc. (PDLB) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.34.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDLB and QQQ?
Over the past 3 years, PDLB and QQQ moved with a correlation of 0.34, which is moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.34). Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 167.6 %².
QQQ is close to the least connected end of PDLB's tracked universe, ranking #9 of 13. The trailing year gives PDLB the advantage: +36.4% versus +26.3%, a 10.1-point spread.
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.
PDLB vs QQQ: side by side
| PDLB (Ponce Financial Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +36.4% | +26.3% |
| 5-year return | +106.7% | +95.4% |
| Volatility (ann.) | 25.5% | 19.6% |
| Beta vs S&P 500 | 0.76 | 1.28 |
| Max drawdown (3Y) | -21.5% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | 14.2 | – |
| 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 | PDLB | QQQ |
|---|---|---|
| 2022 | -10.3% | -32.6% |
| 2023 | +4.7% | +54.9% |
| 2024 | +33.2% | +25.6% |
| 2025 | +25.8% | +20.8% |
| 2026 | +24.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDLB and QQQ good diversifiers for each other?
Reasonably. At 0.34, PDLB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PDLB and QQQ?
As of 2026-08-27, the correlation of weekly returns between PDLB and QQQ is 0.34 over 3 years, 0.07 over 1 year and 0.24 over 5 years.
Is QQQ a good diversifier for PDLB?
Reasonably. At 0.34, PDLB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
On the −1 to +1 scale, 0.34 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
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Related comparisons
Hubs: PDLB correlations · QQQ correlations
