PLG vs QQQ: Correlation
How closely do Platinum Group Metals Ltd. (PLG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLG and QQQ?
Over the past 3 years, PLG and QQQ moved with a correlation of 0.25, which is weak. Lately the two have moved closer together, with the 1-year correlation at 0.40 versus 0.25 over 3 years. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 368.9 %².
Among the 14 assets we track against PLG, QQQ sits near the bottom by co-movement, at rank #11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 21.6 percentage points (+4.7% for PLG against +26.3% for QQQ). Risk is not evenly split, since PLG carries 3.8 times the volatility of the other side.
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.
PLG vs QQQ: side by side
| PLG (Platinum Group Metals Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.7% | +26.3% |
| 5-year return | -41.5% | +95.4% |
| Volatility (ann.) | 74.7% | 19.6% |
| Beta vs S&P 500 | 1.36 | 1.28 |
| Max drawdown (3Y) | -64.4% | -22.8% |
| Market cap | – | – |
| 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 | PLG | QQQ |
|---|---|---|
| 2022 | +10.1% | -32.6% |
| 2023 | -34.5% | +54.9% |
| 2024 | +12.3% | +25.6% |
| 2025 | +84.4% | +20.8% |
| 2026 | -34.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLG and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PLG and QQQ?
The PLG/QQQ correlation stands at 0.25 on a 3-year window (1 year: 0.40, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PLG?
Yes, to a useful degree: a correlation of 0.25 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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.
Use this data
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Related comparisons
Hubs: PLG correlations · QQQ correlations
