PFIS vs QQQ: Correlation
Peoples Financial Services Corp. (PFIS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFIS and QQQ?
On 3 years of weekly data the PFIS/QQQ correlation comes out at 0.21, weak. The link has loosened recently: the 1-year correlation (-0.05) runs below the 3-year figure (0.21). The 5-year figure is 0.24, and annualized covariance runs at 122.9 %².
Out of 16 assets tracked against PFIS, QQQ lands near the bottom at #13. Over the last 12 months PFIS came out ahead by 9.2 percentage points (+35.5% against +26.3%). Risk is not evenly split, since PFIS carries 1.6 times the volatility of the other side.
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.
PFIS vs QQQ: side by side
| PFIS (Peoples Financial Services Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.5% | +26.3% |
| 5-year return | +82.0% | +95.4% |
| Volatility (ann.) | 30.5% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -29.1% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 3.56% | 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 | PFIS | QQQ |
|---|---|---|
| 2022 | +1.5% | -32.6% |
| 2023 | -2.5% | +54.9% |
| 2024 | +9.9% | +25.6% |
| 2025 | +0.0% | +20.8% |
| 2026 | +45.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFIS and QQQ good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PFIS and QQQ?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with -0.05 over the last year and 0.24 over 5 years.
Is QQQ a good diversifier for PFIS?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 mean?
A reading of 0.21 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/pfis-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pfis-vs-qqq/)
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Related comparisons
Hubs: PFIS correlations · QQQ correlations
