PRAX vs QQQ: Correlation
How closely do Praxis Precision Medicines, Inc. (PRAX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRAX and QQQ?
On 3 years of weekly data the PRAX/QQQ correlation comes out at 0.17, weak. Little has changed lately, as the 1-year reading of 0.18 lands near the 3-year figure. The 5-year figure is 0.18, and annualized covariance runs at 580.8 %².
By 3-year correlation, QQQ places #10 of the 15 assets tracked against PRAX. Their recent paths diverged sharply: over the last 12 months PRAX outperformed by 657.7 percentage points (+684.0% for PRAX against +26.3% for QQQ). Note the risk asymmetry: PRAX runs 8.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRAX vs QQQ: side by side
| PRAX (Praxis Precision Medicines, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +684.0% | +26.3% |
| 5-year return | +28.6% | +95.4% |
| Volatility (ann.) | 170.9% | 19.6% |
| Beta vs S&P 500 | 2.13 | 1.28 |
| Max drawdown (3Y) | -68.6% | -22.8% |
| Market cap | $10.3B | – |
| P/E (trailing) | – | – |
| 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 | PRAX | QQQ |
|---|---|---|
| 2022 | -87.9% | -32.6% |
| 2023 | -37.6% | +54.9% |
| 2024 | +245.4% | +25.6% |
| 2025 | +283.0% | +20.8% |
| 2026 | +24.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRAX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRAX and QQQ?
As of 2026-08-27, the correlation of weekly returns between PRAX and QQQ is 0.17 over 3 years, 0.18 over 1 year and 0.18 over 5 years.
Is QQQ a good diversifier for PRAX?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PRAX correlations · QQQ correlations
