PSFE vs QQQ: Correlation
Measured on weekly returns over the past three years, Paysafe Limited (PSFE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSFE and QQQ?
On 3 years of weekly data the PSFE/QQQ correlation comes out at 0.32, moderate. The relationship has been stable: the 1-year correlation (0.22) sits close to the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 376.1 %².
Among the 13 assets we track against PSFE, QQQ ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 78.5 percentage points (-52.2% for PSFE against +26.3% for QQQ). Note the risk asymmetry: PSFE runs 3.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PSFE vs QQQ: side by side
| PSFE (Paysafe Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.2% | +26.3% |
| 5-year return | -93.3% | +95.4% |
| Volatility (ann.) | 60.9% | 19.6% |
| Beta vs S&P 500 | 1.61 | 1.28 |
| Max drawdown (3Y) | -76.6% | -22.8% |
| Market cap | $0.4B | – |
| 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 | PSFE | QQQ |
|---|---|---|
| 2022 | -70.4% | -32.6% |
| 2023 | -7.9% | +54.9% |
| 2024 | +33.7% | +25.6% |
| 2025 | -52.7% | +20.8% |
| 2026 | -16.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSFE and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PSFE and QQQ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.22 over the last year and 0.40 over 5 years.
Is QQQ a good diversifier for PSFE?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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.
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Related comparisons
Hubs: PSFE correlations · QQQ correlations
