PED vs QQQ: Correlation
How closely do Pedevco Corp. (PED) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.11, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PED and QQQ?
Over the past 3 years, PED and QQQ moved with a correlation of -0.11, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.38) runs below the 3-year figure (-0.11). Over 5 years the correlation is 0.01, and the annualized covariance of weekly returns is -113.8 %².
Within PED's tracked universe of 22 assets, QQQ comes in at #8 by 3-year correlation. Over the last 12 months QQQ came out ahead by 13.2 percentage points (+13.1% against +26.3%). Note the risk asymmetry: PED runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PED vs QQQ: side by side
| PED (Pedevco Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +13.1% | +26.3% |
| 5-year return | -39.7% | +95.4% |
| Volatility (ann.) | 54.0% | 19.6% |
| Beta vs S&P 500 | -0.28 | 1.28 |
| Max drawdown (3Y) | -58.3% | -22.8% |
| Market cap | $0.2B | – |
| 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 | PED | QQQ |
|---|---|---|
| 2022 | +3.8% | -32.6% |
| 2023 | -30.0% | +54.9% |
| 2024 | +1.0% | +25.6% |
| 2025 | -28.0% | +20.8% |
| 2026 | +19.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PED and QQQ good diversifiers for each other?
Yes. With a correlation of -0.11, PED and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PED and QQQ?
The PED/QQQ correlation stands at -0.11 on a 3-year window (1 year: -0.38, 5 years: 0.01), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PED?
Yes. With a correlation of -0.11, PED and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/ped-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ped-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PED correlations · QQQ correlations
