PRSO vs QQQ: Correlation
Measured on weekly returns over the past three years, Peraso Inc. (PRSO) and Invesco QQQ Trust (QQQ) carry a correlation of 0.15, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRSO and QQQ?
Across a 3-year window, the weekly returns of PRSO and QQQ correlate at 0.15, weak. Recent behaviour matches the longer record: 0.07 over 1 year against 0.15 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 385.0 %².
Out of 10 assets tracked against PRSO, QQQ lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 50.7 percentage points (-24.4% for PRSO against +26.3% for QQQ). Risk is not evenly split, since PRSO carries 6.7 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.
PRSO vs QQQ: side by side
| PRSO (Peraso Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -24.4% | +26.3% |
| 5-year return | -99.7% | +95.4% |
| Volatility (ann.) | 130.5% | 19.6% |
| Beta vs S&P 500 | 0.93 | 1.28 |
| Max drawdown (3Y) | -95.6% | -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 | PRSO | QQQ |
|---|---|---|
| 2022 | -82.6% | -32.6% |
| 2023 | -61.6% | +54.9% |
| 2024 | -89.6% | +25.6% |
| 2025 | -25.0% | +20.8% |
| 2026 | -25.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRSO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRSO and QQQ?
As of 2026-08-27, the correlation of weekly returns between PRSO and QQQ is 0.15 over 3 years, 0.07 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for PRSO?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
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/prso-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/prso-vs-qqq/)
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Related comparisons
Hubs: PRSO correlations · QQQ correlations
