PFGC vs QQQ: Correlation
Measured on weekly returns over the past three years, Performance Food Group Company (PFGC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFGC and QQQ?
On 3 years of weekly data the PFGC/QQQ correlation comes out at 0.36, moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.36). The 5-year figure is 0.42, and annualized covariance runs at 176.2 %².
Among the 12 assets we track against PFGC, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 25.6 percentage points (+0.7% for PFGC against +26.3% for QQQ).
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.
PFGC vs QQQ: side by side
| PFGC (Performance Food Group Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.7% | +26.3% |
| 5-year return | +113.4% | +95.4% |
| Volatility (ann.) | 25.2% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -25.5% | -22.8% |
| Market cap | $16.0B | – |
| P/E (trailing) | 44.8 | – |
| 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 | PFGC | QQQ |
|---|---|---|
| 2022 | +27.2% | -32.6% |
| 2023 | +18.4% | +54.9% |
| 2024 | +22.3% | +25.6% |
| 2025 | +6.4% | +20.8% |
| 2026 | +13.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFGC and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PFGC and QQQ?
The PFGC/QQQ correlation stands at 0.36 on a 3-year window (1 year: 0.19, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PFGC?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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
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[](https://www.pairbook.io/pair/pfgc-vs-qqq/)
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Related comparisons
Hubs: PFGC correlations · QQQ correlations
