PMN vs QQQ: Correlation
ProMIS Neurosciences Inc. (PMN) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.04.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMN and QQQ?
On 3 years of weekly data the PMN/QQQ correlation comes out at 0.04, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.06 over 1 year against 0.04 over 3. The 5-year figure is 0.06, and annualized covariance runs at 85.5 %².
Among the 15 assets we track against PMN, QQQ ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.7 points (+5.6% versus +26.3%). Risk is not evenly split, since PMN carries 6.3 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.
PMN vs QQQ: side by side
| PMN (ProMIS Neurosciences Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.6% | +26.3% |
| 5-year return | -94.2% | +95.4% |
| Volatility (ann.) | 122.6% | 19.6% |
| Beta vs S&P 500 | 0.45 | 1.28 |
| Max drawdown (3Y) | -90.4% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| 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 | PMN | QQQ |
|---|---|---|
| 2022 | -34.2% | -32.6% |
| 2023 | -73.5% | +54.9% |
| 2024 | -17.4% | +25.6% |
| 2025 | -71.2% | +20.8% |
| 2026 | +104.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMN and QQQ good diversifiers for each other?
Yes. With a correlation of 0.04, PMN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PMN and QQQ?
As of 2026-08-27, the correlation of weekly returns between PMN and QQQ is 0.04 over 3 years, -0.06 over 1 year and 0.06 over 5 years.
Is QQQ a good diversifier for PMN?
Yes. With a correlation of 0.04, PMN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.04 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/pmn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pmn-vs-qqq/)
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Related comparisons
Hubs: PMN correlations · QQQ correlations
