POR vs QQQ: Correlation
How closely do Portland General Electric Co (POR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.08, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are POR and QQQ?
On 3 years of weekly data the POR/QQQ correlation comes out at -0.08, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.18 over 1 year against -0.08 over 3. The 5-year figure is 0.12, and annualized covariance runs at -27.2 %².
Among the 23 assets we track against POR, QQQ sits near the bottom by co-movement, at rank #20. Over the last 12 months QQQ came out ahead by 5.3 percentage points (+21.0% against +26.3%).
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.
POR vs QQQ: side by side
| POR (Portland General Electric Co) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.0% | +26.3% |
| 5-year return | +20.7% | +95.4% |
| Volatility (ann.) | 18.5% | 19.6% |
| Beta vs S&P 500 | 0.10 | 1.28 |
| Max drawdown (3Y) | -16.3% | -22.8% |
| Market cap | $5.9B | – |
| P/E (trailing) | 22.2 | – |
| Dividend yield | 4.24% | 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 | POR | QQQ |
|---|---|---|
| 2022 | -4.0% | -32.6% |
| 2023 | -7.7% | +54.9% |
| 2024 | +5.3% | +25.6% |
| 2025 | +15.4% | +20.8% |
| 2026 | +6.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are POR and QQQ good diversifiers for each other?
Yes. With a correlation of -0.08, POR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between POR and QQQ?
The POR/QQQ correlation stands at -0.08 on a 3-year window (1 year: -0.18, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for POR?
Yes. With a correlation of -0.08, POR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.08 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: POR correlations · QQQ correlations
