PRE vs QQQ: Correlation
Measured on weekly returns over the past three years, Prenetics Global Limited - Class A (PRE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.13, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRE and QQQ?
Across a 3-year window, the weekly returns of PRE and QQQ correlate at 0.13, weak. The relationship has been stable: the 1-year correlation (0.13) sits close to the 3-year figure. Stretching to 5 years gives 0.13, with an annualized covariance of 229.2 %².
QQQ is close to the least connected end of PRE's tracked universe, ranking #6 of 10. Correlation aside, the last 12 months split them widely, with PRE ahead by 228.4 points (+254.7% versus +26.3%). Risk is not evenly split, since PRE carries 4.5 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.
PRE vs QQQ: side by side
| PRE (Prenetics Global Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +254.7% | +26.3% |
| 5-year return | -76.5% | +95.4% |
| Volatility (ann.) | 88.4% | 19.6% |
| Beta vs S&P 500 | 0.46 | 1.28 |
| Max drawdown (3Y) | -64.9% | -22.8% |
| Market cap | $0.4B | – |
| 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 | PRE | QQQ |
|---|---|---|
| 2022 | -74.0% | -32.6% |
| 2023 | -80.3% | +54.9% |
| 2024 | -1.9% | +25.6% |
| 2025 | +171.6% | +20.8% |
| 2026 | +66.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRE and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRE and QQQ?
As of 2026-08-27, the correlation of weekly returns between PRE and QQQ is 0.13 over 3 years, 0.13 over 1 year and 0.13 over 5 years.
Is QQQ a good diversifier for PRE?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
On the −1 to +1 scale, 0.13 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/pre-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pre-vs-qqq/)
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Related comparisons
Hubs: PRE correlations · QQQ correlations
