PROP vs QQQ: Correlation
Prairie Operating Co. (PROP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PROP and QQQ?
On 3 years of weekly data the PROP/QQQ correlation comes out at 0.10, weak. The past 12 months show a weaker link (-0.09) than the 3-year average (0.10). The 5-year figure is 0.16, and annualized covariance runs at 199.2 %².
Out of 10 assets tracked against PROP, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 104.8 percentage points, -78.5% for PROP against +26.3% for QQQ. Note the risk asymmetry: PROP runs 5.2 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.
PROP vs QQQ: side by side
| PROP (Prairie Operating Co.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -78.5% | +26.3% |
| 5-year return | -99.1% | +95.4% |
| Volatility (ann.) | 101.6% | 19.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -97.0% | -22.8% |
| Market cap | $0.1B | – |
| 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 | PROP | QQQ |
|---|---|---|
| 2022 | -98.2% | -32.6% |
| 2023 | +498.8% | +54.9% |
| 2024 | -27.2% | +25.6% |
| 2025 | -75.6% | +20.8% |
| 2026 | -68.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PROP and QQQ good diversifiers for each other?
Yes. With a correlation of 0.10, PROP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PROP and QQQ?
As of 2026-08-27, the correlation of weekly returns between PROP and QQQ is 0.10 over 3 years, -0.09 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for PROP?
Yes. With a correlation of 0.10, PROP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 mean?
On the −1 to +1 scale, 0.10 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.
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Related comparisons
Hubs: PROP correlations · QQQ correlations
