PMTS vs QQQ: Correlation
How closely do CPI Card Group Inc. (PMTS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PMTS and QQQ?
Across a 3-year window, the weekly returns of PMTS and QQQ correlate at 0.26, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.26 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 327.5 %².
Out of 12 assets tracked against PMTS, QQQ lands near the bottom at #9. The last year tells two different stories: PMTS led by 60.2 percentage points, +86.5% for PMTS against +26.3% for QQQ. Note the risk asymmetry: PMTS runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PMTS vs QQQ: side by side
| PMTS (CPI Card Group Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +86.5% | +26.3% |
| 5-year return | +3.4% | +95.4% |
| Volatility (ann.) | 65.4% | 19.6% |
| Beta vs S&P 500 | 1.51 | 1.28 |
| Max drawdown (3Y) | -67.1% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 25.2 | – |
| 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 | PMTS | QQQ |
|---|---|---|
| 2022 | +94.5% | -32.6% |
| 2023 | -46.8% | +54.9% |
| 2024 | +55.8% | +25.6% |
| 2025 | -50.9% | +20.8% |
| 2026 | +97.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PMTS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PMTS and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.24 over the last year and 0.21 over 5 years.
Is QQQ a good diversifier for PMTS?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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
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[](https://www.pairbook.io/pair/pmts-vs-qqq/)
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Related comparisons
Hubs: PMTS correlations · QQQ correlations
