PLGO vs QQQ: Correlation
Pelagos Insurance Capital Limited (PLGO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLGO and QQQ?
Over the past 3 years, PLGO and QQQ moved with a correlation of 0.10, which is weak. Lately the two have drifted apart, with the 1-year correlation at -0.15 versus 0.10 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 59.3 %².
Out of 12 assets tracked against PLGO, QQQ lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with PLGO ahead by 17.8 points (+44.1% versus +26.3%). Note the risk asymmetry: PLGO runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PLGO vs QQQ: side by side
| PLGO (Pelagos Insurance Capital Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +44.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 29.5% | 19.6% |
| Beta vs S&P 500 | 0.43 | 1.28 |
| Max drawdown (3Y) | -29.9% | -22.8% |
| Market cap | $2.1B | – |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 2.45% | 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 | PLGO | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +46.3% | +25.6% |
| 2025 | +9.4% | +20.8% |
| 2026 | +26.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLGO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLGO and QQQ?
Using weekly returns as of 2026-08-27: 0.10 over 3 years, with -0.15 over the last year and n/a over 5 years.
Is QQQ a good diversifier for PLGO?
By historical standards, yes. A correlation of 0.10 means the two rarely move for the same reasons.
What does a correlation of 0.10 mean?
A reading of 0.10 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/plgo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/plgo-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLGO correlations · QQQ correlations
