PHR vs QQQ: Correlation
Phreesia, Inc. (PHR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHR and QQQ?
Across a 3-year window, the weekly returns of PHR and QQQ correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.30 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 433.6 %².
Within PHR's tracked universe of 13 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 89.2 percentage points (-62.9% for PHR against +26.3% for QQQ). Risk is not evenly split, since PHR carries 2.9 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.
PHR vs QQQ: side by side
| PHR (Phreesia, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -62.9% | +26.3% |
| 5-year return | -83.5% | +95.4% |
| Volatility (ann.) | 57.6% | 19.6% |
| Beta vs S&P 500 | 1.57 | 1.28 |
| Max drawdown (3Y) | -75.2% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 74.1 | – |
| 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 | PHR | QQQ |
|---|---|---|
| 2022 | -22.3% | -32.6% |
| 2023 | -28.5% | +54.9% |
| 2024 | +8.7% | +25.6% |
| 2025 | -32.8% | +20.8% |
| 2026 | -29.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHR and QQQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PHR and QQQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.30 over the last year and 0.44 over 5 years.
Is QQQ a good diversifier for PHR?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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/phr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/phr-vs-qqq/)
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Related comparisons
Hubs: PHR correlations · QQQ correlations
