PLTR vs QQQX: Correlation
Palantir Technologies (PLTR) and Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund (QQQX) 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 QQQX?
On 3 years of weekly data the PLTR/QQQX correlation comes out at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 687.4 %².
Within PLTR's tracked universe of 36 assets, QQQX comes in at #14 by 3-year correlation. The trailing year gives QQQX the advantage: +18.6% versus +24.4%, a 5.8-point spread. Risk is not evenly split, since PLTR carries 3.9 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.
PLTR vs QQQX: side by side
| PLTR (Palantir Technologies) | QQQX (Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund) | |
|---|---|---|
| 1-year return | +18.6% | +24.4% |
| 5-year return | +621.8% | +51.0% |
| Volatility (ann.) | 71.3% | 18.1% |
| Beta vs S&P 500 | 2.47 | 1.09 |
| Max drawdown (3Y) | -48.2% | -22.8% |
| Market cap | $446.8B | $1.5B |
| P/E (trailing) | 151.2 | 8.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | PLTR | QQQX |
|---|---|---|
| 2022 | -64.7% | -27.4% |
| 2023 | +167.4% | +21.7% |
| 2024 | +340.5% | +25.6% |
| 2025 | +135.0% | +14.9% |
| 2026 | +4.6% | +13.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLTR and QQQX 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 QQQX?
As of 2026-08-27, the correlation of weekly returns between PLTR and QQQX is 0.53 over 3 years, 0.51 over 1 year and 0.53 over 5 years.
Is QQQX 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-qqqx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pltr-vs-qqqx/)
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Related comparisons
Hubs: PLTR correlations · QQQX correlations
