PHVS vs QQQ: Correlation
How closely do Pharvaris N.V. (PHVS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHVS and QQQ?
On 3 years of weekly data the PHVS/QQQ correlation comes out at 0.16, weak. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. The 5-year figure is -0.04, and annualized covariance runs at 186.4 %².
Among the 10 assets we track against PHVS, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months PHVS outperformed by 29.3 percentage points (+55.6% for PHVS against +26.3% for QQQ). Note the risk asymmetry: PHVS runs 3.0 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.
PHVS vs QQQ: side by side
| PHVS (Pharvaris N.V.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +55.6% | +26.3% |
| 5-year return | +76.4% | +95.4% |
| Volatility (ann.) | 59.0% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -63.1% | -22.8% |
| Market cap | $2.6B | – |
| P/E (trailing) | – | – |
| 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 | PHVS | QQQ |
|---|---|---|
| 2022 | -21.8% | -32.6% |
| 2023 | +149.3% | +54.9% |
| 2024 | -31.7% | +25.6% |
| 2025 | +44.8% | +20.8% |
| 2026 | +33.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHVS and QQQ good diversifiers for each other?
Yes. With a correlation of 0.16, PHVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PHVS and QQQ?
As of 2026-08-27, the correlation of weekly returns between PHVS and QQQ is 0.16 over 3 years, 0.24 over 1 year and -0.04 over 5 years.
Is QQQ a good diversifier for PHVS?
Yes. With a correlation of 0.16, PHVS and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.16 mean?
A reading of 0.16 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
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Related comparisons
Hubs: PHVS correlations · QQQ correlations
