PPL vs QQQ: Correlation
PPL Corporation (PPL) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPL and QQQ?
Over the past 3 years, PPL and QQQ moved with a correlation of -0.03, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.16) than the 3-year average (-0.03). Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is -11.7 %².
By 3-year correlation, QQQ places #34 of the 44 assets tracked against PPL. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 29.3 percentage points (-3.0% for PPL 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 -0.21 to 0.31.
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.
PPL vs QQQ: side by side
| PPL (PPL Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.0% | +26.3% |
| 5-year return | +41.1% | +95.4% |
| Volatility (ann.) | 17.4% | 19.6% |
| Beta vs S&P 500 | 0.13 | 1.28 |
| Max drawdown (3Y) | -13.3% | -22.8% |
| Market cap | $25.9B | – |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 3.18% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | PPL | QQQ |
|---|---|---|
| 2022 | +0.4% | -32.6% |
| 2023 | -3.8% | +54.9% |
| 2024 | +24.0% | +25.6% |
| 2025 | +11.4% | +20.8% |
| 2026 | -0.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPL and QQQ good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PPL and QQQ?
Using weekly returns as of 2026-08-27: -0.03 over 3 years, with -0.16 over the last year and 0.18 over 5 years.
Is QQQ a good diversifier for PPL?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 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
$ curl https://www.pairbook.io/api/v1/pairs/ppl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ppl-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPL correlations · QQQ correlations
