PRPL vs QQQ: Correlation
How closely do Purple Innovation, Inc. (PRPL) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRPL and QQQ?
Across a 3-year window, the weekly returns of PRPL and QQQ correlate at -0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.11 over 1 year against -0.05 over 3. Stretching to 5 years gives -0.02, with an annualized covariance of -1423.7 %².
QQQ is close to the least connected end of PRPL's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months PRPL outperformed by 278.2 percentage points (+304.5% for PRPL against +26.3% for QQQ). One caveat on sizing: PRPL is 74.8 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.
PRPL vs QQQ: side by side
| PRPL (Purple Innovation, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +304.5% | +26.3% |
| 5-year return | -82.0% | +95.4% |
| Volatility (ann.) | 1465.4% | 19.6% |
| Beta vs S&P 500 | -2.51 | 1.28 |
| Max drawdown (3Y) | -87.4% | -22.8% |
| Market cap | – | – |
| 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 | PRPL | QQQ |
|---|---|---|
| 2022 | -63.9% | -32.6% |
| 2023 | -78.3% | +54.9% |
| 2024 | -24.3% | +25.6% |
| 2025 | -11.4% | +20.8% |
| 2026 | +549.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRPL and QQQ good diversifiers for each other?
Yes. With a correlation of -0.05, PRPL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRPL and QQQ?
As of 2026-08-27, the correlation of weekly returns between PRPL and QQQ is -0.05 over 3 years, -0.11 over 1 year and -0.02 over 5 years.
Is QQQ a good diversifier for PRPL?
Yes. With a correlation of -0.05, PRPL and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.05 mean?
A reading of -0.05 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/prpl-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prpl-vs-qqq/)
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Related comparisons
Hubs: PRPL correlations · QQQ correlations
