PRGO vs QQQ: Correlation
How closely do Perrigo Company plc (PRGO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.16, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGO and QQQ?
On 3 years of weekly data the PRGO/QQQ correlation comes out at 0.16, weak. Lately the two have moved closer together, with the 1-year correlation at 0.41 versus 0.16 over 3 years. The 5-year figure is 0.13, and annualized covariance runs at 137.3 %².
Out of 10 assets tracked against PRGO, QQQ lands near the bottom at #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 62.4 points (-36.1% versus +26.3%). Risk is not evenly split, since PRGO carries 2.2 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.
PRGO vs QQQ: side by side
| PRGO (Perrigo Company plc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -36.1% | +26.3% |
| 5-year return | -56.9% | +95.4% |
| Volatility (ann.) | 43.6% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -71.6% | -22.8% |
| Market cap | $2.0B | – |
| P/E (trailing) | – | – |
| Dividend yield | 7.86% | 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 | PRGO | QQQ |
|---|---|---|
| 2022 | -9.8% | -32.6% |
| 2023 | -2.5% | +54.9% |
| 2024 | -16.9% | +25.6% |
| 2025 | -44.0% | +20.8% |
| 2026 | +8.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRGO and QQQ?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.41 over the last year and 0.13 over 5 years.
Is QQQ a good diversifier for PRGO?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
On the −1 to +1 scale, 0.16 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/prgo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prgo-vs-qqq/)
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Related comparisons
Hubs: PRGO correlations · QQQ correlations
