PTN vs QQQ: Correlation
Palatin Technologies, Inc. (PTN) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.02.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PTN and QQQ?
Across a 3-year window, the weekly returns of PTN and QQQ correlate at -0.02, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.20) runs below the 3-year figure (-0.02). Stretching to 5 years gives 0.07, with an annualized covariance of -44.5 %².
QQQ is close to the least connected end of PTN's tracked universe, ranking #9 of 12. The last year tells two different stories: QQQ led by 27.3 percentage points, -1.0% for PTN against +26.3% for QQQ. Risk is not evenly split, since PTN carries 7.4 times the volatility of the other side.
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.
PTN vs QQQ: side by side
| PTN (Palatin Technologies, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -1.0% | +26.3% |
| 5-year return | -98.3% | +95.4% |
| Volatility (ann.) | 145.6% | 19.6% |
| Beta vs S&P 500 | 0.13 | 1.28 |
| Max drawdown (3Y) | -98.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | 95.4 | – |
| 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 | PTN | QQQ |
|---|---|---|
| 2022 | -79.9% | -32.6% |
| 2023 | +55.5% | +54.9% |
| 2024 | -72.1% | +25.6% |
| 2025 | -72.3% | +20.8% |
| 2026 | -31.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PTN and QQQ good diversifiers for each other?
Yes. With a correlation of -0.02, PTN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PTN and QQQ?
As of 2026-08-27, the correlation of weekly returns between PTN and QQQ is -0.02 over 3 years, -0.20 over 1 year and 0.07 over 5 years.
Is QQQ a good diversifier for PTN?
Yes. With a correlation of -0.02, PTN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.02 mean?
A reading of -0.02 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ptn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ptn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PTN correlations · QQQ correlations
