PUK vs QQQ: Correlation
Prudential Public Limited Company (PUK) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUK and QQQ?
Over the past 3 years, PUK and QQQ moved with a correlation of 0.36, which is moderate. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 199.5 %².
Among the 15 assets we track against PUK, QQQ sits near the bottom by co-movement, at rank #12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 17.1 percentage points (+9.2% for PUK against +26.3% for QQQ).
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.
PUK vs QQQ: side by side
| PUK (Prudential Public Limited Company) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +9.2% | +26.3% |
| 5-year return | -26.0% | +95.4% |
| Volatility (ann.) | 28.0% | 19.6% |
| Beta vs S&P 500 | 0.87 | 1.28 |
| Max drawdown (3Y) | -41.8% | -22.8% |
| Market cap | $34.4B | – |
| P/E (trailing) | 9.9 | – |
| 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 | PUK | QQQ |
|---|---|---|
| 2022 | -19.1% | -32.6% |
| 2023 | -17.0% | +54.9% |
| 2024 | -27.3% | +25.6% |
| 2025 | +99.3% | +20.8% |
| 2026 | -9.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUK and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PUK and QQQ?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.33 over the last year and 0.37 over 5 years.
Is QQQ a good diversifier for PUK?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: PUK correlations · QQQ correlations
