PINE vs QQQ: Correlation
Alpine Income Property Trust, Inc. (PINE) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PINE and QQQ?
Over the past 3 years, PINE and QQQ moved with a correlation of -0.00, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.06 lands near the 3-year figure. Over 5 years the correlation is 0.17, and the annualized covariance of weekly returns is -1.0 %².
Out of 11 assets tracked against PINE, QQQ lands near the bottom at #8. The trailing year gives PINE the advantage: +37.9% versus +26.3%, a 11.6-point spread.
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.
PINE vs QQQ: side by side
| PINE (Alpine Income Property Trust, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +37.9% | +26.3% |
| 5-year return | +43.8% | +95.4% |
| Volatility (ann.) | 23.9% | 19.6% |
| Beta vs S&P 500 | 0.19 | 1.28 |
| Max drawdown (3Y) | -24.8% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 93.5 | – |
| Dividend yield | 5.94% | 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 | PINE | QQQ |
|---|---|---|
| 2022 | +0.9% | -32.6% |
| 2023 | -5.5% | +54.9% |
| 2024 | +6.1% | +25.6% |
| 2025 | +7.0% | +20.8% |
| 2026 | +21.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PINE and QQQ good diversifiers for each other?
Yes. With a correlation of -0.00, PINE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PINE and QQQ?
As of 2026-08-27, the correlation of weekly returns between PINE and QQQ is -0.00 over 3 years, -0.06 over 1 year and 0.17 over 5 years.
Is QQQ a good diversifier for PINE?
Yes. With a correlation of -0.00, PINE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.00 mean?
A reading of -0.00 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/pine-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pine-vs-qqq/)
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Related comparisons
Hubs: PINE correlations · QQQ correlations
