PLD vs QQQ: Correlation
Prologis (PLD) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and QQQ?
Over the past 3 years, PLD and QQQ moved with a correlation of 0.36, which is moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.36). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 182.6 %².
By 3-year correlation, QQQ places #30 of the 40 assets tracked against PLD. Neither side won the trailing year by much: +30.0% against +26.3%. This link changes with the market regime, having swung between 0.09 and 0.74 on a rolling one-year basis.
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.
PLD vs QQQ: side by side
| PLD (Prologis) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +30.0% | +26.3% |
| 5-year return | +22.5% | +95.4% |
| Volatility (ann.) | 25.8% | 19.6% |
| Beta vs S&P 500 | 0.90 | 1.28 |
| Max drawdown (3Y) | -31.4% | -22.8% |
| Market cap | $137.9B | – |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 2.92% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Real Estate | 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 | PLD | QQQ |
|---|---|---|
| 2022 | -31.3% | -32.6% |
| 2023 | +21.6% | +54.9% |
| 2024 | -18.1% | +25.6% |
| 2025 | +25.1% | +20.8% |
| 2026 | +12.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and QQQ good diversifiers for each other?
Reasonably. At 0.36, PLD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PLD and QQQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.11 over the last year and 0.52 over 5 years.
Is QQQ a good diversifier for PLD?
Reasonably. At 0.36, PLD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/pld-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pld-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLD correlations · QQQ correlations
