PR vs QQQ: Correlation
How closely do Permian Resources Corporation (PR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.06, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PR and QQQ?
On 3 years of weekly data the PR/QQQ correlation comes out at 0.06, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.51) than the 3-year average (0.06). The 5-year figure is 0.14, and annualized covariance runs at 43.3 %².
Among the 33 assets we track against PR, QQQ sits near the bottom by co-movement, at rank #30. The last year tells two different stories: PR led by 44.0 percentage points, +70.3% for PR against +26.3% for QQQ. Risk is not evenly split, since PR carries 1.8 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.
PR vs QQQ: side by side
| PR (Permian Resources Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +70.3% | +26.3% |
| 5-year return | +430.6% | +95.4% |
| Volatility (ann.) | 35.4% | 19.6% |
| Beta vs S&P 500 | 0.39 | 1.28 |
| Max drawdown (3Y) | -39.9% | -22.8% |
| Market cap | $19.4B | – |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 2.73% | 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 | PR | QQQ |
|---|---|---|
| 2022 | +57.9% | -32.6% |
| 2023 | +49.4% | +54.9% |
| 2024 | +10.7% | +25.6% |
| 2025 | +1.9% | +20.8% |
| 2026 | +68.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PR and QQQ good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PR and QQQ?
As of 2026-08-27, the correlation of weekly returns between PR and QQQ is 0.06 over 3 years, -0.51 over 1 year and 0.14 over 5 years.
Is QQQ a good diversifier for PR?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 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/pr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pr-vs-qqq/)
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Related comparisons
Hubs: PR correlations · QQQ correlations
