PYT vs QQQ: Correlation
How closely do PPlus Tr GSC-2 Tr Ctf Fltg Rate (PYT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PYT and QQQ?
Across a 3-year window, the weekly returns of PYT and QQQ correlate at 0.18, weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.18 over 3. Stretching to 5 years gives 0.00, with an annualized covariance of 34.3 %².
QQQ is close to the least connected end of PYT's tracked universe, ranking #8 of 11. The last year tells two different stories: QQQ led by 21.2 percentage points, +5.1% for PYT against +26.3% for QQQ. Note the risk asymmetry: QQQ runs 2.0 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.
PYT vs QQQ: side by side
| PYT (PPlus Tr GSC-2 Tr Ctf Fltg Rate) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.1% | +26.3% |
| 5-year return | +19.5% | +95.4% |
| Volatility (ann.) | 9.7% | 19.6% |
| Beta vs S&P 500 | 0.15 | 1.28 |
| Max drawdown (3Y) | -6.1% | -22.8% |
| Dividend yield | – | 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 | PYT | QQQ |
|---|---|---|
| 2022 | -14.1% | -32.6% |
| 2023 | +10.8% | +54.9% |
| 2024 | +8.3% | +25.6% |
| 2025 | +8.2% | +20.8% |
| 2026 | +4.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PYT and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, PYT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PYT and QQQ?
As of 2026-08-27, the correlation of weekly returns between PYT and QQQ is 0.18 over 3 years, 0.23 over 1 year and 0.00 over 5 years.
Is QQQ a good diversifier for PYT?
Yes. With a correlation of 0.18, PYT and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
A reading of 0.18 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/pyt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pyt-vs-qqq/)
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Related comparisons
Hubs: PYT correlations · QQQ correlations
