PJT vs QQQ: Correlation
Measured on weekly returns over the past three years, PJT Partners Inc. (PJT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PJT and QQQ?
Across a 3-year window, the weekly returns of PJT and QQQ correlate at 0.43, moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.43). Stretching to 5 years gives 0.39, with an annualized covariance of 244.9 %².
QQQ is close to the least connected end of PJT's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 27.5 percentage points (-1.2% for PJT against +26.3% for QQQ).
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.
PJT vs QQQ: side by side
| PJT (PJT Partners Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.2% | +26.3% |
| 5-year return | +143.7% | +95.4% |
| Volatility (ann.) | 29.4% | 19.6% |
| Beta vs S&P 500 | 1.08 | 1.28 |
| Max drawdown (3Y) | -32.5% | -22.8% |
| Market cap | $7.6B | – |
| P/E (trailing) | 24.3 | – |
| Dividend yield | 0.57% | 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 | PJT | QQQ |
|---|---|---|
| 2022 | +0.9% | -32.6% |
| 2023 | +40.0% | +54.9% |
| 2024 | +56.2% | +25.6% |
| 2025 | +6.6% | +20.8% |
| 2026 | +7.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PJT and QQQ good diversifiers for each other?
Reasonably. At 0.43, PJT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PJT and QQQ?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.16 over the last year and 0.39 over 5 years.
Is QQQ a good diversifier for PJT?
Reasonably. At 0.43, PJT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/pjt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pjt-vs-qqq/)
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Related comparisons
Hubs: PJT correlations · QQQ correlations
