PHM vs QQQ: Correlation
Measured on weekly returns over the past three years, PulteGroup (PHM) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHM and QQQ?
On 3 years of weekly data the PHM/QQQ correlation comes out at 0.26, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 161.0 %².
Among the 47 assets we track against PHM, QQQ ranks #37 by 3-year correlation. The last year tells two different stories: QQQ led by 28.8 percentage points, -2.5% for PHM against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.06 to 0.65. Risk is not evenly split, since PHM carries 1.6 times the volatility of the other side.
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.
PHM vs QQQ: side by side
| PHM (PulteGroup) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.5% | +26.3% |
| 5-year return | +145.5% | +95.4% |
| Volatility (ann.) | 32.2% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -38.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 13.3 | – |
| Dividend yield | 0.77% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | PHM | QQQ |
|---|---|---|
| 2022 | -19.2% | -32.6% |
| 2023 | +128.8% | +54.9% |
| 2024 | +6.2% | +25.6% |
| 2025 | +8.5% | +20.8% |
| 2026 | +8.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHM and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PHM and QQQ?
The PHM/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.18, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PHM?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: PHM correlations · QQQ correlations
