PPCB vs QQQ: Correlation
How closely do Propanc Biopharma, Inc. (PPCB) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPCB and QQQ?
On 3 years of weekly data the PPCB/QQQ correlation comes out at -0.05, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.20) than the 3-year average (-0.05). The 5-year figure is -0.04, and annualized covariance runs at -1033966.8 %².
Among the 43 assets we track against PPCB, QQQ ranks #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 123.3 points (-97.0% versus +26.3%). Risk is not evenly split, since PPCB carries 49091.5 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.
PPCB vs QQQ: side by side
| PPCB (Propanc Biopharma, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -97.0% | +26.3% |
| 5-year return | -99.9% | +95.4% |
| Volatility (ann.) | 962193.8% | 19.6% |
| Beta vs S&P 500 | -3746.20 | 1.28 |
| Max drawdown (3Y) | -99.8% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 0.0 | – |
| 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 | PPCB | QQQ |
|---|---|---|
| 2022 | -98.6% | -32.6% |
| 2023 | -98.0% | +54.9% |
| 2024 | -98.3% | +25.6% |
| 2025 | +134050.0% | +20.8% |
| 2026 | -83.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPCB and QQQ good diversifiers for each other?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PPCB and QQQ?
As of 2026-08-27, the correlation of weekly returns between PPCB and QQQ is -0.05 over 3 years, 0.20 over 1 year and -0.04 over 5 years.
Is QQQ a good diversifier for PPCB?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.05 mean?
On the −1 to +1 scale, -0.05 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.
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Related comparisons
Hubs: PPCB correlations · QQQ correlations
