PSHG vs QQQ: Correlation
Performance Shipping Inc. (PSHG) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.01.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSHG and QQQ?
Over the past 3 years, PSHG and QQQ moved with a correlation of -0.01, which is near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.03 lands near the 3-year figure. Over 5 years the correlation is -0.00, and the annualized covariance of weekly returns is -8.3 %².
Among the 10 assets we track against PSHG, QQQ sits near the bottom by co-movement, at rank #7. Correlation aside, the last 12 months split them widely, with QQQ ahead by 38.0 points (-11.7% versus +26.3%). One caveat on sizing: PSHG is 2.2 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.
PSHG vs QQQ: side by side
| PSHG (Performance Shipping Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -11.7% | +26.3% |
| 5-year return | -97.7% | +95.4% |
| Volatility (ann.) | 44.0% | 19.6% |
| Beta vs S&P 500 | 0.16 | 1.28 |
| Max drawdown (3Y) | -45.3% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 1.9 | – |
| 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 | PSHG | QQQ |
|---|---|---|
| 2022 | -93.6% | -32.6% |
| 2023 | -35.9% | +54.9% |
| 2024 | -18.1% | +25.6% |
| 2025 | +14.5% | +20.8% |
| 2026 | -20.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSHG and QQQ good diversifiers for each other?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSHG and QQQ?
Using weekly returns as of 2026-08-27: -0.01 over 3 years, with 0.03 over the last year and -0.00 over 5 years.
Is QQQ a good diversifier for PSHG?
Yes: at -0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.01 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: PSHG correlations · QQQ correlations
