PK vs QQQ: Correlation
How closely do Park Hotels & Resorts Inc. (PK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PK and QQQ?
Over the past 3 years, PK and QQQ moved with a correlation of 0.33, which is moderate. The past 12 months show a weaker link (-0.06) than the 3-year average (0.33). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 206.2 %².
Among the 13 assets we track against PK, QQQ sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with PK ahead by 17.1 points (+43.4% versus +26.3%). One caveat on sizing: PK is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PK vs QQQ: side by side
| PK (Park Hotels & Resorts Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +43.4% | +26.3% |
| 5-year return | +21.9% | +95.4% |
| Volatility (ann.) | 31.8% | 19.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -44.8% | -22.8% |
| Market cap | $3.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 6.28% | 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 | PK | QQQ |
|---|---|---|
| 2022 | -36.0% | -32.6% |
| 2023 | +49.4% | +54.9% |
| 2024 | +1.0% | +25.6% |
| 2025 | -18.4% | +20.8% |
| 2026 | +56.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PK and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PK and QQQ?
As of 2026-08-27, the correlation of weekly returns between PK and QQQ is 0.33 over 3 years, -0.06 over 1 year and 0.44 over 5 years.
Is QQQ a good diversifier for PK?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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.
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Related comparisons
Hubs: PK correlations · QQQ correlations
