PM vs QQQ: Correlation
How closely do Philip Morris International (PM) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PM and QQQ?
Across a 3-year window, the weekly returns of PM and QQQ correlate at -0.09, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.23 versus -0.09 over 3 years. Stretching to 5 years gives 0.13, with an annualized covariance of -40.1 %².
Within PM's tracked universe of 47 assets, QQQ comes in at #22 by 3-year correlation. Over the last 12 months QQQ came out ahead by 6.1 percentage points (+20.2% against +26.3%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.41 to 0.42.
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.
PM vs QQQ: side by side
| PM (Philip Morris International) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.2% | +26.3% |
| 5-year return | +133.5% | +95.4% |
| Volatility (ann.) | 23.1% | 19.6% |
| Beta vs S&P 500 | -0.01 | 1.28 |
| Max drawdown (3Y) | -20.6% | -22.8% |
| Market cap | $296.9B | – |
| P/E (trailing) | 26.7 | – |
| Dividend yield | 3.03% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Staples | 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 | PM | QQQ |
|---|---|---|
| 2022 | +12.3% | -32.6% |
| 2023 | -1.9% | +54.9% |
| 2024 | +34.3% | +25.6% |
| 2025 | +38.0% | +20.8% |
| 2026 | +20.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PM and QQQ good diversifiers for each other?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PM and QQQ?
Using weekly returns as of 2026-08-27: -0.09 over 3 years, with -0.23 over the last year and 0.13 over 5 years.
Is QQQ a good diversifier for PM?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.09 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/pm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pm-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PM correlations · QQQ correlations
