PPT vs QQQ: Correlation
Franklin Premier Income Trust Shares of Beneficial Interest (PPT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPT and QQQ?
Across a 3-year window, the weekly returns of PPT and QQQ correlate at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 60.0 %².
Out of 12 assets tracked against PPT, QQQ lands near the bottom at #8. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 23.9 percentage points (+2.4% for PPT against +26.3% for QQQ). Risk is not evenly split, since QQQ carries 2.3 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.
PPT vs QQQ: side by side
| PPT (Franklin Premier Income Trust Shares of Beneficial Interest) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +2.4% | +26.3% |
| 5-year return | +15.6% | +95.4% |
| Volatility (ann.) | 8.6% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -5.9% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 11.1 | – |
| Dividend yield | 9.07% | 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 | PPT | QQQ |
|---|---|---|
| 2022 | -7.7% | -32.6% |
| 2023 | +7.4% | +54.9% |
| 2024 | +8.8% | +25.6% |
| 2025 | +8.4% | +20.8% |
| 2026 | +3.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PPT and QQQ?
As of 2026-08-27, the correlation of weekly returns between PPT and QQQ is 0.36 over 3 years, 0.44 over 1 year and 0.42 over 5 years.
Is QQQ a good diversifier for PPT?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ppt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ppt-vs-qqq/)
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Related comparisons
Hubs: PPT correlations · QQQ correlations
