PDS vs QQQ: Correlation
Precision Drilling Corporation (PDS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.12.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDS and QQQ?
On 3 years of weekly data the PDS/QQQ correlation comes out at 0.12, weak. The link has loosened recently: the 1-year correlation (-0.21) runs below the 3-year figure (0.12). The 5-year figure is 0.12, and annualized covariance runs at 89.4 %².
Among the 13 assets we track against PDS, QQQ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with PDS ahead by 32.0 points (+58.3% versus +26.3%). One caveat on sizing: PDS is 1.9 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.
PDS vs QQQ: side by side
| PDS (Precision Drilling Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +58.3% | +26.3% |
| 5-year return | +182.9% | +95.4% |
| Volatility (ann.) | 37.7% | 19.6% |
| Beta vs S&P 500 | 0.49 | 1.28 |
| Max drawdown (3Y) | -50.5% | -22.8% |
| Market cap | $1.2B | – |
| 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 | PDS | QQQ |
|---|---|---|
| 2022 | +116.5% | -32.6% |
| 2023 | -29.2% | +54.9% |
| 2024 | +12.5% | +25.6% |
| 2025 | +17.7% | +20.8% |
| 2026 | +25.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, PDS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PDS and QQQ?
The PDS/QQQ correlation stands at 0.12 on a 3-year window (1 year: -0.21, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PDS?
Yes. With a correlation of 0.12, PDS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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[](https://www.pairbook.io/pair/pds-vs-qqq/)
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Related comparisons
Hubs: PDS correlations · QQQ correlations
