PLX vs QQQ: Correlation
Protalix BioTherapeutics, Inc. (DE) (PLX) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLX and QQQ?
On 3 years of weekly data the PLX/QQQ correlation comes out at 0.13, weak. The relationship has been stable: the 1-year correlation (0.14) sits close to the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 167.9 %².
Out of 10 assets tracked against PLX, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with PLX ahead by 36.8 points (+63.1% versus +26.3%). Risk is not evenly split, since PLX carries 3.3 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.
PLX vs QQQ: side by side
| PLX (Protalix BioTherapeutics, Inc. (DE)) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.1% | +26.3% |
| 5-year return | +66.2% | +95.4% |
| Volatility (ann.) | 65.1% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -56.0% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 0.00% | 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 | PLX | QQQ |
|---|---|---|
| 2022 | +65.1% | -32.6% |
| 2023 | +29.9% | +54.9% |
| 2024 | +5.6% | +25.6% |
| 2025 | -4.3% | +20.8% |
| 2026 | +45.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between PLX and QQQ?
The PLX/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.14, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PLX?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/plx-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/plx-vs-qqq/)
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Related comparisons
Hubs: PLX correlations · QQQ correlations
