PSN vs QQQ: Correlation
Parsons Corporation (PSN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSN and QQQ?
Across a 3-year window, the weekly returns of PSN and QQQ correlate at 0.26, weak. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.26). Stretching to 5 years gives 0.29, with an annualized covariance of 200.9 %².
QQQ is close to the least connected end of PSN's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 65.0 percentage points (-38.7% for PSN against +26.3% for QQQ). Note the risk asymmetry: PSN runs 2.0 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.
PSN vs QQQ: side by side
| PSN (Parsons Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -38.7% | +26.3% |
| 5-year return | +38.4% | +95.4% |
| Volatility (ann.) | 39.4% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -64.4% | -22.8% |
| Market cap | $5.3B | – |
| P/E (trailing) | 34.0 | – |
| 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 | PSN | QQQ |
|---|---|---|
| 2022 | +37.4% | -32.6% |
| 2023 | +35.6% | +54.9% |
| 2024 | +47.1% | +25.6% |
| 2025 | -33.0% | +20.8% |
| 2026 | -20.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSN and QQQ good diversifiers for each other?
Reasonably. At 0.26, PSN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PSN and QQQ?
The PSN/QQQ correlation stands at 0.26 on a 3-year window (1 year: 0.14, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PSN?
Reasonably. At 0.26, PSN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 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/psn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSN correlations · QQQ correlations
