PLTR vs QQQ: Correlation
Palantir Technologies (PLTR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLTR and QQQ?
Across a 3-year window, the weekly returns of PLTR and QQQ correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.57, with an annualized covariance of 740.6 %².
Within PLTR's tracked universe of 36 assets, QQQ comes in at #12 by 3-year correlation. Over the last 12 months QQQ came out ahead by 7.7 percentage points (+18.6% against +26.3%). On a rolling one-year basis the correlation drifted between 0.41 and 0.71, a moderate band. One caveat on sizing: PLTR is 3.6 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.
PLTR vs QQQ: side by side
| PLTR (Palantir Technologies) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.6% | +26.3% |
| 5-year return | +621.8% | +95.4% |
| Volatility (ann.) | 71.3% | 19.6% |
| Beta vs S&P 500 | 2.47 | 1.28 |
| Max drawdown (3Y) | -48.2% | -22.8% |
| Market cap | $446.8B | – |
| P/E (trailing) | 151.2 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Information Technology | 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 | PLTR | QQQ |
|---|---|---|
| 2022 | -64.7% | -32.6% |
| 2023 | +167.4% | +54.9% |
| 2024 | +340.5% | +25.6% |
| 2025 | +135.0% | +20.8% |
| 2026 | +4.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
PLTR represents 1.81% of QQQ's portfolio, so part of any move in QQQ is PLTR itself, and the correlation between them is partly mechanical.
Are PLTR and QQQ good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PLTR and QQQ?
The PLTR/QQQ correlation stands at 0.53 on a 3-year window (1 year: 0.49, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PLTR?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/pltr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pltr-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PLTR correlations · QQQ correlations
