PDX vs QQQ: Correlation
Measured on weekly returns over the past three years, PIMCO Dynamic Income Strategy Fund (PDX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.16, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDX and QQQ?
On 3 years of weekly data the PDX/QQQ correlation comes out at 0.16, weak. The past 12 months show a weaker link (0.00) than the 3-year average (0.16). The 5-year figure is 0.27, and annualized covariance runs at 83.0 %².
Among the 12 assets we track against PDX, QQQ sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with QQQ ahead by 15.4 points (+10.9% versus +26.3%).
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.
PDX vs QQQ: side by side
| PDX (PIMCO Dynamic Income Strategy Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.9% | +26.3% |
| 5-year return | +203.4% | +95.4% |
| Volatility (ann.) | 26.1% | 19.6% |
| Beta vs S&P 500 | 0.40 | 1.28 |
| Max drawdown (3Y) | -37.2% | -22.8% |
| Market cap | $1.0B | – |
| 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 | PDX | QQQ |
|---|---|---|
| 2022 | +23.0% | -32.6% |
| 2023 | +44.5% | +54.9% |
| 2024 | +37.0% | +25.6% |
| 2025 | -10.6% | +20.8% |
| 2026 | +21.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between PDX and QQQ?
The PDX/QQQ correlation stands at 0.16 on a 3-year window (1 year: 0.00, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PDX?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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/pdx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pdx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PDX correlations · QQQ correlations
