PLTK vs QQQ: Correlation
How closely do Playtika Holding Corp. (PLTK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.23, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLTK and QQQ?
Across a 3-year window, the weekly returns of PLTK and QQQ correlate at 0.23, weak. Little has changed lately, as the 1-year reading of 0.17 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 228.1 %².
Out of 10 assets tracked against PLTK, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 61.0 points (-34.7% versus +26.3%). Risk is not evenly split, since PLTK carries 2.6 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.
PLTK vs QQQ: side by side
| PLTK (Playtika Holding Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -34.7% | +26.3% |
| 5-year return | -89.9% | +95.4% |
| Volatility (ann.) | 50.5% | 19.6% |
| Beta vs S&P 500 | 1.02 | 1.28 |
| Max drawdown (3Y) | -75.1% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | – | – |
| Dividend yield | 8.30% | 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 | PLTK | QQQ |
|---|---|---|
| 2022 | -50.8% | -32.6% |
| 2023 | +2.5% | +54.9% |
| 2024 | -16.1% | +25.6% |
| 2025 | -37.2% | +20.8% |
| 2026 | -41.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLTK and QQQ good diversifiers for each other?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PLTK and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.17 over the last year and 0.34 over 5 years.
Is QQQ a good diversifier for PLTK?
A fair diversifier. At 0.23, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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: PLTK correlations · QQQ correlations
