PRPO vs QQQ: Correlation
How closely do Precipio, Inc. (PRPO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRPO and QQQ?
Across a 3-year window, the weekly returns of PRPO and QQQ correlate at 0.11, weak. The link has loosened recently: the 1-year correlation (-0.07) runs below the 3-year figure (0.11). Stretching to 5 years gives 0.19, with an annualized covariance of 151.7 %².
Among the 10 assets we track against PRPO, QQQ sits near the bottom by co-movement, at rank #6. The last year tells two different stories: PRPO led by 65.6 percentage points, +91.9% for PRPO against +26.3% for QQQ. Risk is not evenly split, since PRPO carries 3.6 times the volatility of the other side.
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.
PRPO vs QQQ: side by side
| PRPO (Precipio, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +91.9% | +26.3% |
| 5-year return | -55.4% | +95.4% |
| Volatility (ann.) | 71.4% | 19.6% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -55.6% | -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 | PRPO | QQQ |
|---|---|---|
| 2022 | -65.1% | -32.6% |
| 2023 | -41.0% | +54.9% |
| 2024 | -14.8% | +25.6% |
| 2025 | +314.8% | +20.8% |
| 2026 | +27.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRPO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRPO and QQQ?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with -0.07 over the last year and 0.19 over 5 years.
Is QQQ a good diversifier for PRPO?
By historical standards, yes. A correlation of 0.11 means the two rarely move for the same reasons.
What does a correlation of 0.11 mean?
A reading of 0.11 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PRPO correlations · QQQ correlations
