PGC vs QQQ: Correlation
Measured on weekly returns over the past three years, Peapack-Gl (PGC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.25, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGC and QQQ?
On 3 years of weekly data the PGC/QQQ correlation comes out at 0.25, weak. The past 12 months show a weaker link (-0.01) than the 3-year average (0.25). The 5-year figure is 0.31, and annualized covariance runs at 171.3 %².
Among the 12 assets we track against PGC, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months PGC outperformed by 31.4 percentage points (+57.7% for PGC against +26.3% for QQQ). Note the risk asymmetry: PGC runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PGC vs QQQ: side by side
| PGC (Peapack-Gl) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +57.7% | +26.3% |
| 5-year return | +41.8% | +95.4% |
| Volatility (ann.) | 34.4% | 19.6% |
| Beta vs S&P 500 | 0.88 | 1.28 |
| Max drawdown (3Y) | -34.2% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | 15.7 | – |
| Dividend yield | 0.44% | 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 | PGC | QQQ |
|---|---|---|
| 2022 | +5.7% | -32.6% |
| 2023 | -19.3% | +54.9% |
| 2024 | +8.3% | +25.6% |
| 2025 | -12.5% | +20.8% |
| 2026 | +62.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGC and QQQ good diversifiers for each other?
Reasonably. At 0.25, PGC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PGC and QQQ?
The PGC/QQQ correlation stands at 0.25 on a 3-year window (1 year: -0.01, 5 years: 0.31), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PGC?
Reasonably. At 0.25, PGC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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/pgc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pgc-vs-qqq/)
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Related comparisons
Hubs: PGC correlations · QQQ correlations
