PSMT vs QQQ: Correlation
PriceSmart, Inc. (PSMT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSMT and QQQ?
Over the past 3 years, PSMT and QQQ moved with a correlation of 0.19, which is weak. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.19). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 86.1 %².
Among the 13 assets we track against PSMT, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with PSMT ahead by 32.8 points (+59.1% versus +26.3%).
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.
PSMT vs QQQ: side by side
| PSMT (PriceSmart, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +59.1% | +26.3% |
| 5-year return | +116.4% | +95.4% |
| Volatility (ann.) | 23.4% | 19.6% |
| Beta vs S&P 500 | 0.42 | 1.28 |
| Max drawdown (3Y) | -24.0% | -22.8% |
| Market cap | $5.3B | – |
| P/E (trailing) | 33.8 | – |
| Dividend yield | 0.76% | 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 | PSMT | QQQ |
|---|---|---|
| 2022 | -15.9% | -32.6% |
| 2023 | +26.2% | +54.9% |
| 2024 | +25.0% | +25.6% |
| 2025 | +34.8% | +20.8% |
| 2026 | +42.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSMT and QQQ good diversifiers for each other?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSMT and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.02 over the last year and 0.29 over 5 years.
Is QQQ a good diversifier for PSMT?
Yes: at 0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/psmt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psmt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSMT correlations · QQQ correlations
