PROV vs QQQ: Correlation
How closely do Provident Financial Holdings, Inc. (PROV) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PROV and QQQ?
On 3 years of weekly data the PROV/QQQ correlation comes out at 0.15, weak. Recent behaviour matches the longer record: 0.18 over 1 year against 0.15 over 3. The 5-year figure is 0.12, and annualized covariance runs at 49.4 %².
Among the 10 assets we track against PROV, QQQ sits near the bottom by co-movement, at rank #7. Twelve-month performance is nearly a tie, at +23.3% for PROV and +26.3% for QQQ.
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.
PROV vs QQQ: side by side
| PROV (Provident Financial Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +23.3% | +26.3% |
| 5-year return | +30.9% | +95.4% |
| Volatility (ann.) | 17.1% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -19.5% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 17.8 | – |
| Dividend yield | 3.05% | 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 | PROV | QQQ |
|---|---|---|
| 2022 | -13.5% | -32.6% |
| 2023 | -4.3% | +54.9% |
| 2024 | +31.4% | +25.6% |
| 2025 | +3.7% | +20.8% |
| 2026 | +18.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PROV and QQQ good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PROV and QQQ?
Using weekly returns as of 2026-08-27: 0.15 over 3 years, with 0.18 over the last year and 0.12 over 5 years.
Is QQQ a good diversifier for PROV?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/prov-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prov-vs-qqq/)
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Related comparisons
Hubs: PROV correlations · QQQ correlations
