PXLW vs QQQ: Correlation
Pixelworks, Inc. (PXLW) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PXLW and QQQ?
Across a 3-year window, the weekly returns of PXLW and QQQ correlate at 0.17, weak. The relationship has been stable: the 1-year correlation (0.25) sits close to the 3-year figure. Stretching to 5 years gives 0.27, with an annualized covariance of 335.0 %².
Among the 13 assets we track against PXLW, QQQ sits near the bottom by co-movement, at rank #10. The last year tells two different stories: QQQ led by 39.9 percentage points, -13.6% for PXLW against +26.3% for QQQ. Risk is not evenly split, since PXLW carries 5.1 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.
PXLW vs QQQ: side by side
| PXLW (Pixelworks, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -13.6% | +26.3% |
| 5-year return | -90.7% | +95.4% |
| Volatility (ann.) | 99.0% | 19.6% |
| Beta vs S&P 500 | 1.41 | 1.28 |
| Max drawdown (3Y) | -86.3% | -22.8% |
| Market cap | – | – |
| 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 | PXLW | QQQ |
|---|---|---|
| 2022 | -59.8% | -32.6% |
| 2023 | -26.0% | +54.9% |
| 2024 | -44.3% | +25.6% |
| 2025 | -27.4% | +20.8% |
| 2026 | +8.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PXLW and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between PXLW and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.25 over the last year and 0.27 over 5 years.
Is QQQ a good diversifier for PXLW?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 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
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Related comparisons
Hubs: PXLW correlations · QQQ correlations
