PHG vs QQQ: Correlation
Measured on weekly returns over the past three years, Koninklijke Philips N.V. NY Registry Shares (PHG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHG and QQQ?
On 3 years of weekly data the PHG/QQQ correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.31 over 1 year against 0.32 over 3. The 5-year figure is 0.38, and annualized covariance runs at 212.4 %².
Out of 14 assets tracked against PHG, QQQ lands near the bottom at #10. The last year tells two different stories: QQQ led by 25.3 percentage points, +1.0% for PHG against +26.3% for QQQ. Note the risk asymmetry: PHG runs 1.7 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.
PHG vs QQQ: side by side
| PHG (Koninklijke Philips N.V. NY Registry Shares) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +1.0% | +26.3% |
| 5-year return | -32.8% | +95.4% |
| Volatility (ann.) | 33.4% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -33.8% | -22.8% |
| Market cap | $26.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 3.15% | 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 | PHG | QQQ |
|---|---|---|
| 2022 | -57.6% | -32.6% |
| 2023 | +55.6% | +54.9% |
| 2024 | +8.5% | +25.6% |
| 2025 | +11.2% | +20.8% |
| 2026 | +3.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHG and QQQ good diversifiers for each other?
Reasonably. At 0.32, PHG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PHG and QQQ?
The PHG/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.31, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PHG?
Reasonably. At 0.32, PHG and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/phg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/phg-vs-qqq/)
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Related comparisons
Hubs: PHG correlations · QQQ correlations
