PGNY vs QQQ: Correlation
Progyny, Inc. (PGNY) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGNY and QQQ?
On 3 years of weekly data the PGNY/QQQ correlation comes out at 0.15, weak. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.15). The 5-year figure is 0.34, and annualized covariance runs at 145.8 %².
Among the 12 assets we track against PGNY, QQQ sits near the bottom by co-movement, at rank #8. On 12-month performance QQQ holds a 14.0-point edge, +12.3% against +26.3%. One caveat on sizing: PGNY is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PGNY vs QQQ: side by side
| PGNY (Progyny, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +12.3% | +26.3% |
| 5-year return | -53.1% | +95.4% |
| Volatility (ann.) | 48.9% | 19.6% |
| Beta vs S&P 500 | 0.64 | 1.28 |
| Max drawdown (3Y) | -67.2% | -22.8% |
| Market cap | $2.0B | – |
| P/E (trailing) | 28.1 | – |
| 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 | PGNY | QQQ |
|---|---|---|
| 2022 | -38.1% | -32.6% |
| 2023 | +19.4% | +54.9% |
| 2024 | -53.6% | +25.6% |
| 2025 | +48.9% | +20.8% |
| 2026 | +0.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGNY and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between PGNY and QQQ?
As of 2026-08-27, the correlation of weekly returns between PGNY and QQQ is 0.15 over 3 years, 0.03 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for PGNY?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
A reading of 0.15 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PGNY correlations · QQQ correlations
