PODD vs QQQ: Correlation
How closely do Insulet Corporation (PODD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PODD and QQQ?
Across a 3-year window, the weekly returns of PODD and QQQ correlate at 0.18, weak. The past 12 months show a weaker link (-0.37) than the 3-year average (0.18). Stretching to 5 years gives 0.29, with an annualized covariance of 135.8 %².
By 3-year correlation, QQQ places #21 of the 31 assets tracked against PODD. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 83.4 percentage points (-57.1% for PODD against +26.3% for QQQ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.36 to 0.48. Risk is not evenly split, since PODD carries 2.0 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.
PODD vs QQQ: side by side
| PODD (Insulet Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -57.1% | +26.3% |
| 5-year return | -51.6% | +95.4% |
| Volatility (ann.) | 38.9% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -62.2% | -22.8% |
| Market cap | $9.9B | – |
| P/E (trailing) | 26.9 | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Health Care | 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 | PODD | QQQ |
|---|---|---|
| 2022 | +10.6% | -32.6% |
| 2023 | -26.3% | +54.9% |
| 2024 | +20.3% | +25.6% |
| 2025 | +8.9% | +20.8% |
| 2026 | -49.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PODD and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PODD and QQQ?
As of 2026-08-27, the correlation of weekly returns between PODD and QQQ is 0.18 over 3 years, -0.37 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for PODD?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
A reading of 0.18 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: PODD correlations · QQQ correlations
