PNC vs QQQ: Correlation
How closely do PNC Financial Services (PNC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNC and QQQ?
Over the past 3 years, PNC and QQQ moved with a correlation of 0.34, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.34). Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 170.5 %².
Among the 47 assets we track against PNC, QQQ ranks #37 by 3-year correlation. Their 12-month results are close: +22.1% for PNC against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between 0.02 and 0.64 over the past three years, so this pair behaves very differently depending on the market environment.
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.
PNC vs QQQ: side by side
| PNC (PNC Financial Services) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.1% | +26.3% |
| 5-year return | +53.5% | +95.4% |
| Volatility (ann.) | 25.6% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -29.8% | -22.8% |
| Market cap | $97.1B | – |
| P/E (trailing) | 13.5 | – |
| Dividend yield | 2.78% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | PNC | QQQ |
|---|---|---|
| 2022 | -18.6% | -32.6% |
| 2023 | +2.7% | +54.9% |
| 2024 | +29.4% | +25.6% |
| 2025 | +12.2% | +20.8% |
| 2026 | +19.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNC and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PNC and QQQ?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.08 over the last year and 0.42 over 5 years.
Is QQQ a good diversifier for PNC?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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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Related comparisons
Hubs: PNC correlations · QQQ correlations
