PEG vs QQQ: Correlation
Measured on weekly returns over the past three years, Public Service Enterprise Group (PEG) 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 PEG and QQQ?
Across a 3-year window, the weekly returns of PEG and QQQ correlate at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.11). Stretching to 5 years gives 0.26, with an annualized covariance of 40.0 %².
Within PEG's tracked universe of 32 assets, QQQ comes in at #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 34.9 points (-8.6% versus +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.15 and 0.37 over the past three years, so this pair behaves very differently depending on the market environment.
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.
PEG vs QQQ: side by side
| PEG (Public Service Enterprise Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -8.6% | +26.3% |
| 5-year return | +34.9% | +95.4% |
| Volatility (ann.) | 18.9% | 19.6% |
| Beta vs S&P 500 | 0.25 | 1.28 |
| Max drawdown (3Y) | -18.8% | -22.8% |
| Market cap | $36.5B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 3.51% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | PEG | QQQ |
|---|---|---|
| 2022 | -5.1% | -32.6% |
| 2023 | +3.6% | +54.9% |
| 2024 | +42.6% | +25.6% |
| 2025 | -1.9% | +20.8% |
| 2026 | -7.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEG and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, PEG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PEG and QQQ?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with -0.09 over the last year and 0.26 over 5 years.
Is QQQ a good diversifier for PEG?
Yes. With a correlation of 0.11, PEG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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.
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Related comparisons
Hubs: PEG correlations · QQQ correlations
