PSKY vs QQQ: Correlation
How closely do Paramount Skydance Corporation (PSKY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and QQQ?
Across a 3-year window, the weekly returns of PSKY and QQQ correlate at 0.18, weak. The past 12 months show a tighter link (0.36) than the 3-year average (0.18). Stretching to 5 years gives 0.30, with an annualized covariance of 188.5 %².
By 3-year correlation, QQQ places #22 of the 32 assets tracked against PSKY. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 52.2 percentage points (-25.9% for PSKY against +26.3% for QQQ). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.08 to 0.59. One caveat on sizing: PSKY is 2.8 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.
PSKY vs QQQ: side by side
| PSKY (Paramount Skydance Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -25.9% | +26.3% |
| 5-year return | -69.8% | +95.4% |
| Volatility (ann.) | 54.4% | 19.6% |
| Beta vs S&P 500 | 0.92 | 1.28 |
| Max drawdown (3Y) | -59.9% | -22.8% |
| Market cap | $12.1B | – |
| P/E (trailing) | 360.0 | – |
| Dividend yield | 1.86% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Communication Services | 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 | PSKY | QQQ |
|---|---|---|
| 2022 | -41.8% | -32.6% |
| 2023 | -10.4% | +54.9% |
| 2024 | -28.0% | +25.6% |
| 2025 | +30.0% | +20.8% |
| 2026 | -18.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and QQQ good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSKY and QQQ?
As of 2026-08-27, the correlation of weekly returns between PSKY and QQQ is 0.18 over 3 years, 0.36 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for PSKY?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 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/psky-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psky-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSKY correlations · QQQ correlations
