PNRG vs QQQ: Correlation
Measured on weekly returns over the past three years, PrimeEnergy Resources Corporation (PNRG) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNRG and QQQ?
Over the past 3 years, PNRG and QQQ moved with a correlation of 0.12, which is weak. The link has loosened recently: the 1-year correlation (-0.15) runs below the 3-year figure (0.12). Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is 132.3 %².
Within PNRG's tracked universe of 13 assets, QQQ comes in at #7 by 3-year correlation. On 12-month performance PNRG holds a 10.9-point edge, +37.2% against +26.3%. Risk is not evenly split, since PNRG carries 2.8 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.
PNRG vs QQQ: side by side
| PNRG (PrimeEnergy Resources Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +37.2% | +26.3% |
| 5-year return | +312.9% | +95.4% |
| Volatility (ann.) | 54.8% | 19.6% |
| Beta vs S&P 500 | 0.69 | 1.28 |
| Max drawdown (3Y) | -44.6% | -22.8% |
| Market cap | $0.3B | – |
| P/E (trailing) | 20.2 | – |
| 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 | PNRG | QQQ |
|---|---|---|
| 2022 | +23.9% | -32.6% |
| 2023 | +22.4% | +54.9% |
| 2024 | +106.5% | +25.6% |
| 2025 | -22.1% | +20.8% |
| 2026 | +23.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNRG and QQQ good diversifiers for each other?
Yes. With a correlation of 0.12, PNRG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PNRG and QQQ?
The PNRG/QQQ correlation stands at 0.12 on a 3-year window (1 year: -0.15, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PNRG?
Yes. With a correlation of 0.12, PNRG and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.12 mean?
A reading of 0.12 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
$ curl https://www.pairbook.io/api/v1/pairs/pnrg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pnrg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PNRG correlations · QQQ correlations
