PRM vs QQQ: Correlation
Perimeter Solutions, SA (PRM) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.37.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRM and QQQ?
On 3 years of weekly data the PRM/QQQ correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.37). The 5-year figure is 0.35, and annualized covariance runs at 357.1 %².
Out of 10 assets tracked against PRM, QQQ lands near the bottom at #7. Their recent paths diverged sharply: over the last 12 months PRM outperformed by 20.6 percentage points (+46.9% for PRM against +26.3% for QQQ). One caveat on sizing: PRM is 2.5 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.
PRM vs QQQ: side by side
| PRM (Perimeter Solutions, SA) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +46.9% | +26.3% |
| 5-year return | +166.9% | +95.4% |
| Volatility (ann.) | 49.1% | 19.6% |
| Beta vs S&P 500 | 1.44 | 1.28 |
| Max drawdown (3Y) | -51.3% | -22.8% |
| Market cap | $5.2B | – |
| 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 | PRM | QQQ |
|---|---|---|
| 2022 | -34.2% | -32.6% |
| 2023 | -49.7% | +54.9% |
| 2024 | +177.8% | +25.6% |
| 2025 | +115.4% | +20.8% |
| 2026 | +16.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRM and QQQ good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PRM and QQQ?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.53 over the last year and 0.35 over 5 years.
Is QQQ a good diversifier for PRM?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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/prm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prm-vs-qqq/)
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Related comparisons
Hubs: PRM correlations · QQQ correlations
