PPC vs QQQ: Correlation
Measured on weekly returns over the past three years, Pilgrim's Pride Corporation (PPC) and Invesco QQQ Trust (QQQ) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPC and QQQ?
On 3 years of weekly data the PPC/QQQ correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.16). The 5-year figure is 0.04, and annualized covariance runs at -93.1 %².
Within PPC's tracked universe of 23 assets, QQQ comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 57.1 percentage points (-30.8% for PPC against +26.3% for QQQ). Note the risk asymmetry: PPC runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PPC vs QQQ: side by side
| PPC (Pilgrim's Pride Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -30.8% | +26.3% |
| 5-year return | +32.4% | +95.4% |
| Volatility (ann.) | 30.3% | 19.6% |
| Beta vs S&P 500 | -0.17 | 1.28 |
| Max drawdown (3Y) | -49.2% | -22.8% |
| Market cap | $7.4B | – |
| P/E (trailing) | 13.6 | – |
| 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 | PPC | QQQ |
|---|---|---|
| 2022 | -15.9% | -32.6% |
| 2023 | +16.6% | +54.9% |
| 2024 | +64.1% | +25.6% |
| 2025 | +1.4% | +20.8% |
| 2026 | -20.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPC and QQQ?
As of 2026-08-27, the correlation of weekly returns between PPC and QQQ is -0.16 over 3 years, -0.40 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for PPC?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 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.
Use this data
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Related comparisons
Hubs: PPC correlations · QQQ correlations
