PECO vs QQQ: Correlation
Measured on weekly returns over the past three years, Phillips Edison & Company, Inc. (PECO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.11, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PECO and QQQ?
Over the past 3 years, PECO and QQQ moved with a correlation of 0.11, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.12 versus 0.11 over 3 years. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 35.6 %².
QQQ is close to the least connected end of PECO's tracked universe, ranking #9 of 12. The trailing year gives QQQ the advantage: +17.0% versus +26.3%, a 9.3-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.
PECO vs QQQ: side by side
| PECO (Phillips Edison & Company, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.0% | +26.3% |
| 5-year return | +53.8% | +95.4% |
| Volatility (ann.) | 17.2% | 19.6% |
| Beta vs S&P 500 | 0.28 | 1.28 |
| Max drawdown (3Y) | -15.8% | -22.8% |
| Market cap | $5.5B | – |
| P/E (trailing) | 34.4 | – |
| Dividend yield | 3.25% | 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 | PECO | QQQ |
|---|---|---|
| 2022 | -0.3% | -32.6% |
| 2023 | +18.5% | +54.9% |
| 2024 | +6.2% | +25.6% |
| 2025 | -1.6% | +20.8% |
| 2026 | +12.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PECO and QQQ good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PECO and QQQ?
As of 2026-08-27, the correlation of weekly returns between PECO and QQQ is 0.11 over 3 years, -0.12 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for PECO?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 mean?
A reading of 0.11 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/peco-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/peco-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PECO correlations · QQQ correlations
