PHIN vs QQQ: Correlation
Measured on weekly returns over the past three years, PHINIA Inc. (PHIN) and Invesco QQQ Trust (QQQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHIN and QQQ?
Across a 3-year window, the weekly returns of PHIN and QQQ correlate at 0.33, moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.33). Stretching to 5 years gives n/a, with an annualized covariance of 214.0 %².
Among the 12 assets we track against PHIN, QQQ sits near the bottom by co-movement, at rank #9. On 12-month performance QQQ holds a 9.4-point edge, +16.9% against +26.3%. Note the risk asymmetry: PHIN 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.
PHIN vs QQQ: side by side
| PHIN (PHINIA Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.9% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 33.0% | 19.6% |
| Beta vs S&P 500 | 1.01 | 1.28 |
| Max drawdown (3Y) | -32.9% | -22.8% |
| Market cap | $2.5B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 1.63% | 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 | PHIN | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +62.7% | +25.6% |
| 2025 | +33.0% | +20.8% |
| 2026 | +9.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHIN 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 PHIN and QQQ?
As of 2026-08-27, the correlation of weekly returns between PHIN and QQQ is 0.33 over 3 years, 0.09 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for PHIN?
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: PHIN correlations · QQQ correlations
