PRMB vs QQQ: Correlation
Primo Brands Corporation (PRMB) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRMB and QQQ?
Across a 3-year window, the weekly returns of PRMB and QQQ correlate at 0.21, weak. The past 12 months show a tighter link (0.42) than the 3-year average (0.21). Stretching to 5 years gives 0.32, with an annualized covariance of 161.1 %².
Within PRMB's tracked universe of 14 assets, QQQ comes in at #8 by 3-year correlation. The last year tells two different stories: QQQ led by 36.2 percentage points, -9.9% for PRMB against +26.3% for QQQ. Note the risk asymmetry: PRMB runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRMB vs QQQ: side by side
| PRMB (Primo Brands Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.9% | +26.3% |
| 5-year return | +43.1% | +95.4% |
| Volatility (ann.) | 39.7% | 19.6% |
| Beta vs S&P 500 | 0.62 | 1.28 |
| Max drawdown (3Y) | -59.1% | -22.8% |
| Market cap | $8.1B | – |
| P/E (trailing) | 77.4 | – |
| Dividend yield | 1.91% | 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 | PRMB | QQQ |
|---|---|---|
| 2022 | -10.1% | -32.6% |
| 2023 | -0.9% | +54.9% |
| 2024 | +114.6% | +25.6% |
| 2025 | -46.0% | +20.8% |
| 2026 | +39.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRMB and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PRMB and QQQ?
The PRMB/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.42, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PRMB?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prmb-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prmb-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PRMB correlations · QQQ correlations
