PUMP vs QQQ: Correlation
ProPetro Holding Corp. (PUMP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PUMP and QQQ?
Across a 3-year window, the weekly returns of PUMP and QQQ correlate at 0.15, weak. Little has changed lately, as the 1-year reading of 0.08 lands near the 3-year figure. Stretching to 5 years gives 0.13, with an annualized covariance of 190.3 %².
Among the 28 assets we track against PUMP, QQQ ranks #13 by 3-year correlation. The last year tells two different stories: PUMP led by 101.9 percentage points, +128.2% for PUMP against +26.3% for QQQ. Note the risk asymmetry: PUMP runs 3.3 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.
PUMP vs QQQ: side by side
| PUMP (ProPetro Holding Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +128.2% | +26.3% |
| 5-year return | +45.4% | +95.4% |
| Volatility (ann.) | 65.1% | 19.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -59.1% | -22.8% |
| Market cap | $1.4B | – |
| 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 | PUMP | QQQ |
|---|---|---|
| 2022 | +28.0% | -32.6% |
| 2023 | -19.2% | +54.9% |
| 2024 | +11.3% | +25.6% |
| 2025 | +1.9% | +20.8% |
| 2026 | +17.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PUMP and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between PUMP and QQQ?
The PUMP/QQQ correlation stands at 0.15 on a 3-year window (1 year: 0.08, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for PUMP?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 mean?
A reading of 0.15 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/pump-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pump-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PUMP correlations · QQQ correlations
