PSNY vs QQQ: Correlation
Measured on weekly returns over the past three years, Polestar Automotive Holding UK Limited - Class A (PSNY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSNY and QQQ?
Over the past 3 years, PSNY and QQQ moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.20 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 446.1 %².
QQQ is close to the least connected end of PSNY's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 94.2 percentage points, -67.9% for PSNY against +26.3% for QQQ. One caveat on sizing: PSNY is 4.8 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.
PSNY vs QQQ: side by side
| PSNY (Polestar Automotive Holding UK Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -67.9% | +26.3% |
| 5-year return | -95.8% | +95.4% |
| Volatility (ann.) | 93.2% | 19.6% |
| Beta vs S&P 500 | 1.64 | 1.28 |
| Max drawdown (3Y) | -89.5% | -22.8% |
| Market cap | $1.8B | – |
| 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 | PSNY | QQQ |
|---|---|---|
| 2022 | -54.6% | -32.6% |
| 2023 | -57.4% | +54.9% |
| 2024 | -53.5% | +25.6% |
| 2025 | -32.2% | +20.8% |
| 2026 | -41.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSNY and QQQ good diversifiers for each other?
Reasonably. At 0.24, PSNY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PSNY and QQQ?
The PSNY/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.20, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PSNY?
Reasonably. At 0.24, PSNY and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 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/psny-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psny-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSNY correlations · QQQ correlations
