PRZO vs QQQ: Correlation
How closely do ParaZero Technologies Ltd. (PRZO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRZO and QQQ?
On 3 years of weekly data the PRZO/QQQ correlation comes out at 0.17, weak. The link has tightened recently: the 1-year correlation (0.29) runs above the 3-year figure (0.17). The 5-year figure is n/a, and annualized covariance runs at 581.3 %².
Among the 17 assets we track against PRZO, QQQ ranks #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 68.6 percentage points (-42.3% for PRZO against +26.3% for QQQ). One caveat on sizing: PRZO is 8.8 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.
PRZO vs QQQ: side by side
| PRZO (ParaZero Technologies Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -42.3% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 172.1% | 19.6% |
| Beta vs S&P 500 | 1.95 | 1.28 |
| Max drawdown (3Y) | -88.0% | -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 | PRZO | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | +185.5% | +25.6% |
| 2025 | -59.9% | +20.8% |
| 2026 | -4.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRZO and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PRZO and QQQ?
The PRZO/QQQ correlation stands at 0.17 on a 3-year window (1 year: 0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PRZO?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 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/przo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/przo-vs-qqq/)
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Related comparisons
Hubs: PRZO correlations · QQQ correlations
