PRLD vs QQQ: Correlation
Measured on weekly returns over the past three years, Prelude Therapeutics Incorporated (PRLD) 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 PRLD and QQQ?
Over the past 3 years, PRLD and QQQ moved with a correlation of 0.13, which is weak. Little has changed lately, as the 1-year reading of 0.12 lands near the 3-year figure. Over 5 years the correlation is 0.18, and the annualized covariance of weekly returns is 278.4 %².
Out of 10 assets tracked against PRLD, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months PRLD outperformed by 369.0 percentage points (+395.3% for PRLD against +26.3% for QQQ). Risk is not evenly split, since PRLD carries 5.6 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.
PRLD vs QQQ: side by side
| PRLD (Prelude Therapeutics Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +395.3% | +26.3% |
| 5-year return | -82.8% | +95.4% |
| Volatility (ann.) | 109.9% | 19.6% |
| Beta vs S&P 500 | 1.35 | 1.28 |
| Max drawdown (3Y) | -90.4% | -22.8% |
| Market cap | $0.5B | – |
| 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 | PRLD | QQQ |
|---|---|---|
| 2022 | -51.5% | -32.6% |
| 2023 | -29.3% | +54.9% |
| 2024 | -70.1% | +25.6% |
| 2025 | +127.5% | +20.8% |
| 2026 | +118.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRLD and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, PRLD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRLD and QQQ?
The PRLD/QQQ correlation stands at 0.13 on a 3-year window (1 year: 0.12, 5 years: 0.18), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PRLD?
Yes. With a correlation of 0.13, PRLD and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/prld-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prld-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRLD correlations · QQQ correlations
