PFS vs QQQ: Correlation
Provident Financial Services, Inc (PFS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFS and QQQ?
Across a 3-year window, the weekly returns of PFS and QQQ correlate at 0.27, weak. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.27 over 3 years. Stretching to 5 years gives 0.30, with an annualized covariance of 158.4 %².
Out of 28 assets tracked against PFS, QQQ lands near the bottom at #25. Neither side won the trailing year by much: +23.9% against +26.3%. Risk is not evenly split, since PFS 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.
PFS vs QQQ: side by side
| PFS (Provident Financial Services, Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.9% | +26.3% |
| 5-year return | +37.5% | +95.4% |
| Volatility (ann.) | 30.4% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -31.3% | -22.8% |
| Market cap | $3.1B | – |
| P/E (trailing) | 9.8 | – |
| Dividend yield | 2.04% | 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 | PFS | QQQ |
|---|---|---|
| 2022 | -8.0% | -32.6% |
| 2023 | -10.8% | +54.9% |
| 2024 | +10.7% | +25.6% |
| 2025 | +10.2% | +20.8% |
| 2026 | +23.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PFS and QQQ?
As of 2026-08-27, the correlation of weekly returns between PFS and QQQ is 0.27 over 3 years, 0.04 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for PFS?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 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/pfs-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pfs-vs-qqq/)
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Related comparisons
Hubs: PFS correlations · QQQ correlations
