PRIM vs QQQ: Correlation
Primoris Services Corporation (PRIM) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRIM and QQQ?
On 3 years of weekly data the PRIM/QQQ correlation comes out at 0.33, moderate. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.33). The 5-year figure is 0.36, and annualized covariance runs at 326.2 %².
Within PRIM's tracked universe of 20 assets, QQQ comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 60.5 percentage points (-34.2% for PRIM against +26.3% for QQQ). One caveat on sizing: PRIM is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PRIM vs QQQ: side by side
| PRIM (Primoris Services Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -34.2% | +26.3% |
| 5-year return | +212.4% | +95.4% |
| Volatility (ann.) | 50.6% | 19.6% |
| Beta vs S&P 500 | 1.49 | 1.28 |
| Max drawdown (3Y) | -63.1% | -22.8% |
| Market cap | $4.2B | – |
| P/E (trailing) | 30.7 | – |
| Dividend yield | 0.41% | 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 | PRIM | QQQ |
|---|---|---|
| 2022 | -7.5% | -32.6% |
| 2023 | +52.6% | +54.9% |
| 2024 | +131.1% | +25.6% |
| 2025 | +63.1% | +20.8% |
| 2026 | -37.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRIM and QQQ good diversifiers for each other?
Reasonably. At 0.33, PRIM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PRIM and QQQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with -0.01 over the last year and 0.36 over 5 years.
Is QQQ a good diversifier for PRIM?
Reasonably. At 0.33, PRIM and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/prim-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prim-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRIM correlations · QQQ correlations
