PEO vs QQQ: Correlation
Measured on weekly returns over the past three years, Adams Natural Resources Fund, Inc. (PEO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.06, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEO and QQQ?
On 3 years of weekly data the PEO/QQQ correlation comes out at 0.06, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.45) than the 3-year average (0.06). The 5-year figure is 0.16, and annualized covariance runs at 25.5 %².
QQQ is close to the least connected end of PEO's tracked universe, ranking #39 of 42. Correlation aside, the last 12 months split them widely, with PEO ahead by 15.3 points (+41.6% 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.
PEO vs QQQ: side by side
| PEO (Adams Natural Resources Fund, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +41.6% | +26.3% |
| 5-year return | +179.3% | +95.4% |
| Volatility (ann.) | 20.2% | 19.6% |
| Beta vs S&P 500 | 0.30 | 1.28 |
| Max drawdown (3Y) | -18.9% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 4.8 | – |
| Dividend yield | 7.09% | 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 | PEO | QQQ |
|---|---|---|
| 2022 | +41.8% | -32.6% |
| 2023 | +0.9% | +54.9% |
| 2024 | +13.6% | +25.6% |
| 2025 | +10.0% | +20.8% |
| 2026 | +38.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEO and QQQ good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PEO and QQQ?
The PEO/QQQ correlation stands at 0.06 on a 3-year window (1 year: -0.45, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PEO?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 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/peo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/peo-vs-qqq/)
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Related comparisons
Hubs: PEO correlations · QQQ correlations
