PGR vs QQQ: Correlation
Measured on weekly returns over the past three years, Progressive Corporation (PGR) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGR and QQQ?
Over the past 3 years, PGR and QQQ moved with a correlation of 0.08, which is near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.19) runs below the 3-year figure (0.08). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 35.5 %².
By 3-year correlation, QQQ places #23 of the 36 assets tracked against PGR. The last year tells two different stories: QQQ led by 31.6 percentage points, -5.3% for PGR against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.37 and 0.49 over the past three years, so this pair behaves very differently depending on the market environment.
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.
PGR vs QQQ: side by side
| PGR (Progressive Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -5.3% | +26.3% |
| 5-year return | +153.0% | +95.4% |
| Volatility (ann.) | 23.6% | 19.6% |
| Beta vs S&P 500 | 0.32 | 1.28 |
| Max drawdown (3Y) | -30.4% | -22.8% |
| Market cap | $126.5B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 0.18% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | PGR | QQQ |
|---|---|---|
| 2022 | +26.8% | -32.6% |
| 2023 | +23.2% | +54.9% |
| 2024 | +51.4% | +25.6% |
| 2025 | -3.0% | +20.8% |
| 2026 | +1.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGR and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between PGR and QQQ?
As of 2026-08-27, the correlation of weekly returns between PGR and QQQ is 0.08 over 3 years, -0.19 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for PGR?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
On the −1 to +1 scale, 0.08 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/pgr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pgr-vs-qqq/)
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Related comparisons
Hubs: PGR correlations · QQQ correlations
