PGZ vs QQQ: Correlation
Principal Real Estate Income Fund (PGZ) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PGZ and QQQ?
Over the past 3 years, PGZ and QQQ moved with a correlation of 0.33, which is moderate. Little has changed lately, as the 1-year reading of 0.28 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 86.0 %².
Out of 13 assets tracked against PGZ, QQQ lands near the bottom at #10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 18.7 percentage points (+7.6% for PGZ 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.
PGZ vs QQQ: side by side
| PGZ (Principal Real Estate Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.6% | +26.3% |
| 5-year return | +14.2% | +95.4% |
| Volatility (ann.) | 13.2% | 19.6% |
| Beta vs S&P 500 | 0.42 | 1.28 |
| Max drawdown (3Y) | -10.6% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.2 | – |
| 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 | PGZ | QQQ |
|---|---|---|
| 2022 | -28.0% | -32.6% |
| 2023 | +4.0% | +54.9% |
| 2024 | +18.0% | +25.6% |
| 2025 | +14.5% | +20.8% |
| 2026 | +7.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PGZ and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PGZ and QQQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.28 over the last year and 0.42 over 5 years.
Is QQQ a good diversifier for PGZ?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
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Related comparisons
Hubs: PGZ correlations · QQQ correlations
