PPSI vs QCOM: Correlation
Pioneer Power Solutions, Inc. (PPSI) and Qualcomm (QCOM) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPSI and QCOM?
Over the past 3 years, PPSI and QCOM moved with a correlation of 0.50, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.50). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 1461.7 %².
QCOM is one of the assets that tracks PPSI most closely: it ranks #1 out of the 10 assets we track against PPSI. Their recent paths diverged sharply: over the last 12 months QCOM outperformed by 19.8 percentage points (-14.5% for PPSI against +5.3% for QCOM). Risk is not evenly split, since PPSI carries 1.6 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.
PPSI vs QCOM: side by side
| PPSI (Pioneer Power Solutions, Inc.) | QCOM (Qualcomm) | |
|---|---|---|
| 1-year return | -14.5% | +5.3% |
| 5-year return | -7.2% | +25.8% |
| Volatility (ann.) | 68.8% | 42.4% |
| Beta vs S&P 500 | 2.08 | 1.77 |
| Max drawdown (3Y) | -62.6% | -44.2% |
| Market cap | – | $176.0B |
| P/E (trailing) | – | 18.9 |
| Dividend yield | 0.00% | 2.19% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | PPSI | QCOM |
|---|---|---|
| 2022 | -64.3% | -38.6% |
| 2023 | +153.4% | +35.1% |
| 2024 | -19.4% | +8.3% |
| 2025 | +14.5% | +13.8% |
| 2026 | -37.8% | -2.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPSI and QCOM good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PPSI and QCOM?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.61 over the last year and 0.26 over 5 years.
Is QCOM a good diversifier for PPSI?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/ppsi-vs-qcom.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ppsi-vs-qcom/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PPSI correlations · QCOM correlations
