PEB vs QQQ: Correlation
Measured on weekly returns over the past three years, Pebblebrook Hotel Trust (PEB) and Invesco QQQ Trust (QQQ) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEB and QQQ?
Over the past 3 years, PEB and QQQ moved with a correlation of 0.37, which is moderate. The link has loosened recently: the 1-year correlation (0.01) runs below the 3-year figure (0.37). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 256.9 %².
QQQ is close to the least connected end of PEB's tracked universe, ranking #12 of 15. Their recent paths diverged sharply: over the last 12 months PEB outperformed by 36.8 percentage points (+63.1% for PEB against +26.3% for QQQ). Risk is not evenly split, since PEB carries 1.8 times the volatility of the other side.
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.
PEB vs QQQ: side by side
| PEB (Pebblebrook Hotel Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.1% | +26.3% |
| 5-year return | -14.2% | +95.4% |
| Volatility (ann.) | 35.5% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -53.4% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.22% | 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 | PEB | QQQ |
|---|---|---|
| 2022 | -40.0% | -32.6% |
| 2023 | +19.7% | +54.9% |
| 2024 | -15.0% | +25.6% |
| 2025 | -16.1% | +20.8% |
| 2026 | +61.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEB and QQQ good diversifiers for each other?
Reasonably. At 0.37, PEB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PEB and QQQ?
The PEB/QQQ correlation stands at 0.37 on a 3-year window (1 year: 0.01, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PEB?
Reasonably. At 0.37, PEB and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.37 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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Related comparisons
Hubs: PEB correlations · QQQ correlations
