EAT vs QQQ: Correlation
Measured on weekly returns over the past three years, Brinker International, Inc. (EAT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EAT and QQQ?
On 3 years of weekly data the EAT/QQQ correlation comes out at 0.12, weak. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. The 5-year figure is 0.31, and annualized covariance runs at 110.4 %².
Out of 10 assets tracked against EAT, QQQ lands near the bottom at #7. The last year tells two different stories: EAT led by 23.1 percentage points, +49.4% for EAT against +26.3% for QQQ. Note the risk asymmetry: EAT runs 2.4 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.
EAT vs QQQ: side by side
| EAT (Brinker International, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +49.4% | +26.3% |
| 5-year return | +347.9% | +95.4% |
| Volatility (ann.) | 47.1% | 19.6% |
| Beta vs S&P 500 | 0.67 | 1.28 |
| Max drawdown (3Y) | -45.9% | -22.8% |
| Market cap | $10.0B | – |
| P/E (trailing) | 21.5 | – |
| 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 | EAT | QQQ |
|---|---|---|
| 2022 | -12.8% | -32.6% |
| 2023 | +35.3% | +54.9% |
| 2024 | +206.4% | +25.6% |
| 2025 | +8.5% | +20.8% |
| 2026 | +62.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EAT and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EAT and QQQ?
As of 2026-08-27, the correlation of weekly returns between EAT and QQQ is 0.12 over 3 years, 0.05 over 1 year and 0.31 over 5 years.
Is QQQ a good diversifier for EAT?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 mean?
On the −1 to +1 scale, 0.12 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.
Use this data
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Related comparisons
Hubs: EAT correlations · QQQ correlations
