PNR vs QQQ: Correlation
How closely do Pentair (PNR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNR and QQQ?
Over the past 3 years, PNR and QQQ moved with a correlation of 0.46, which is moderate. The past 12 months show a weaker link (0.23) than the 3-year average (0.46). Over 5 years the correlation is 0.56, and the annualized covariance of weekly returns is 251.6 %².
By 3-year correlation, QQQ places #24 of the 38 assets tracked against PNR. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 68.8 percentage points (-42.5% for PNR against +26.3% for QQQ). This link changes with the market regime, having swung between 0.06 and 0.78 on a rolling one-year basis.
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.
PNR vs QQQ: side by side
| PNR (Pentair) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -42.5% | +26.3% |
| 5-year return | -14.1% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 1.07 | 1.28 |
| Max drawdown (3Y) | -45.0% | -22.8% |
| Market cap | $9.9B | – |
| P/E (trailing) | 16.2 | – |
| Dividend yield | 1.65% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | PNR | QQQ |
|---|---|---|
| 2022 | -37.4% | -32.6% |
| 2023 | +64.2% | +54.9% |
| 2024 | +40.0% | +25.6% |
| 2025 | +4.5% | +20.8% |
| 2026 | -39.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNR and QQQ good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PNR and QQQ?
The PNR/QQQ correlation stands at 0.46 on a 3-year window (1 year: 0.23, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PNR?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pnr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pnr-vs-qqq/)
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Related comparisons
Hubs: PNR correlations · QQQ correlations
