PFX vs QQQ: Correlation
Measured on weekly returns over the past three years, PhenixFIN Corporation (PFX) and Invesco QQQ Trust (QQQ) carry a correlation of 0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFX and QQQ?
Across a 3-year window, the weekly returns of PFX and QQQ correlate at 0.02, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.09 versus 0.02 over 3 years. Stretching to 5 years gives 0.05, with an annualized covariance of 7.7 %².
Among the 18 assets we track against PFX, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: QQQ led by 18.4 percentage points, +7.9% for PFX 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.
PFX vs QQQ: side by side
| PFX (PhenixFIN Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.9% | +26.3% |
| 5-year return | +36.0% | +95.4% |
| Volatility (ann.) | 22.8% | 19.6% |
| Beta vs S&P 500 | 0.08 | 1.28 |
| Max drawdown (3Y) | -29.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 22.7 | – |
| 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 | PFX | QQQ |
|---|---|---|
| 2022 | -25.5% | -32.6% |
| 2023 | +36.1% | +54.9% |
| 2024 | +23.3% | +25.6% |
| 2025 | -10.1% | +20.8% |
| 2026 | +19.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFX and QQQ good diversifiers for each other?
Yes. With a correlation of 0.02, PFX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PFX and QQQ?
The PFX/QQQ correlation stands at 0.02 on a 3-year window (1 year: -0.09, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PFX?
Yes. With a correlation of 0.02, PFX and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 mean?
On the −1 to +1 scale, 0.02 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/pfx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pfx-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PFX correlations · QQQ correlations
