PTHS vs QQQ: Correlation
How closely do Pelthos Therapeutics Inc. (PTHS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTHS and QQQ?
Over the past 3 years, PTHS and QQQ moved with a correlation of 0.14, which is weak. The link has tightened recently: the 1-year correlation (0.30) runs above the 3-year figure (0.14). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 359.2 %².
Out of 14 assets tracked against PTHS, QQQ lands near the bottom at #10. The last year tells two different stories: QQQ led by 20.9 percentage points, +5.4% for PTHS against +26.3% for QQQ. One caveat on sizing: PTHS is 6.4 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.
PTHS vs QQQ: side by side
| PTHS (Pelthos Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.4% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 125.0% | 19.6% |
| Beta vs S&P 500 | 1.67 | 1.28 |
| Max drawdown (3Y) | -88.7% | -22.8% |
| Market cap | $0.1B | – |
| 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 | PTHS | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | +383.6% | +20.8% |
| 2026 | -19.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTHS and QQQ good diversifiers for each other?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PTHS and QQQ?
The PTHS/QQQ correlation stands at 0.14 on a 3-year window (1 year: 0.30, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PTHS?
Yes: at 0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.14 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/pths-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pths-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PTHS correlations · QQQ correlations
