PRTH vs QQQ: Correlation
How closely do Priority Technology Holdings, Inc. (PRTH) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRTH and QQQ?
Over the past 3 years, PRTH and QQQ moved with a correlation of 0.29, which is weak. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Over 5 years the correlation is 0.23, and the annualized covariance of weekly returns is 406.7 %².
QQQ is close to the least connected end of PRTH's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 61.4 percentage points (-35.1% for PRTH against +26.3% for QQQ). Risk is not evenly split, since PRTH 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.
PRTH vs QQQ: side by side
| PRTH (Priority Technology Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -35.1% | +26.3% |
| 5-year return | -9.8% | +95.4% |
| Volatility (ann.) | 70.7% | 19.6% |
| Beta vs S&P 500 | 1.52 | 1.28 |
| Max drawdown (3Y) | -62.2% | -22.8% |
| Market cap | $0.4B | – |
| P/E (trailing) | 8.1 | – |
| 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 | PRTH | QQQ |
|---|---|---|
| 2022 | -25.7% | -32.6% |
| 2023 | -32.3% | +54.9% |
| 2024 | +230.1% | +25.6% |
| 2025 | -53.6% | +20.8% |
| 2026 | -0.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRTH and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PRTH and QQQ?
The PRTH/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.34, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PRTH?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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
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Related comparisons
Hubs: PRTH correlations · QQQ correlations
