EBAY vs QQQ: Correlation
Measured on weekly returns over the past three years, eBay Inc. (EBAY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBAY and QQQ?
Over the past 3 years, EBAY and QQQ moved with a correlation of 0.23, which is weak. Recent behaviour matches the longer record: 0.23 over 1 year against 0.23 over 3. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 132.7 %².
Within EBAY's tracked universe of 33 assets, QQQ comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 15.7 percentage points (+10.6% for EBAY against +26.3% for QQQ). This link changes with the market regime, having swung between 0.09 and 0.69 on a rolling one-year basis.
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.
EBAY vs QQQ: side by side
| EBAY (eBay Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.6% | +26.3% |
| 5-year return | +43.9% | +95.4% |
| Volatility (ann.) | 28.9% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -20.7% | -22.8% |
| Market cap | $45.5B | – |
| P/E (trailing) | 21.9 | – |
| Dividend yield | 1.15% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | EBAY | QQQ |
|---|---|---|
| 2022 | -36.5% | -32.6% |
| 2023 | +7.7% | +54.9% |
| 2024 | +44.8% | +25.6% |
| 2025 | +42.7% | +20.8% |
| 2026 | +18.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBAY and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EBAY and QQQ?
Using weekly returns as of 2026-08-27: 0.23 over 3 years, with 0.23 over the last year and 0.47 over 5 years.
Is QQQ a good diversifier for EBAY?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ebay-vs-qqq/)
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Related comparisons
Hubs: EBAY correlations · QQQ correlations
