PLTR vs QQQM: Correlation
Palantir Technologies (PLTR) and Invesco Nasdaq 100 ETF (QQQM) 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 QQQM?
On 3 years of weekly data the PLTR/QQQM correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 736.3 %².
Within PLTR's tracked universe of 36 assets, QQQM comes in at #13 by 3-year correlation. Over the last 12 months QQQM came out ahead by 7.8 percentage points (+18.6% against +26.4%). The rolling one-year correlation moved between 0.41 and 0.71 over the past three years, a moderate range. One caveat on sizing: PLTR is 3.7 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 QQQM: side by side
| PLTR (Palantir Technologies) | QQQM (Invesco Nasdaq 100 ETF) | |
|---|---|---|
| 1-year return | +18.6% | +26.4% |
| 5-year return | +621.8% | +96.1% |
| Volatility (ann.) | 71.3% | 19.5% |
| Beta vs S&P 500 | 2.47 | 1.28 |
| Max drawdown (3Y) | -48.2% | -22.7% |
| Market cap | $446.8B | – |
| P/E (trailing) | 151.2 | – |
| Dividend yield | 0.00% | 0.46% |
| Expense ratio | – | 0.15% |
| Assets under management | – | $97.1B |
| Sector / category | Information Technology | ETF · US Growth & Tech |
QQQM is a Large Growth fund from Invesco: $97.1B under management, 105 holdings, a 0.15% expense ratio, a 0.46% trailing dividend yield.
Year-by-year returns
| Year | PLTR | QQQM |
|---|---|---|
| 2022 | -64.7% | -32.5% |
| 2023 | +167.4% | +55.0% |
| 2024 | +340.5% | +25.7% |
| 2025 | +135.0% | +20.9% |
| 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 QQQM's portfolio, so part of any move in QQQM is PLTR itself, and the correlation between them is partly mechanical.
Are PLTR and QQQM good diversifiers for each other?
Only partially. A correlation of 0.53 means PLTR and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PLTR and QQQM?
As of 2026-08-27, the correlation of weekly returns between PLTR and QQQM is 0.53 over 3 years, 0.49 over 1 year and 0.57 over 5 years.
Is QQQM a good diversifier for PLTR?
Only partially. A correlation of 0.53 means PLTR and QQQM share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
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-qqqm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pltr-vs-qqqm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PLTR correlations · QQQM correlations
