EBC vs QQQ: Correlation
Measured on weekly returns over the past three years, Eastern Bankshares, Inc. (EBC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBC and QQQ?
Over the past 3 years, EBC and QQQ moved with a correlation of 0.27, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.00 versus 0.27 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 149.4 %².
QQQ is close to the least connected end of EBC's tracked universe, ranking #8 of 11. The trailing year gives EBC the advantage: +34.8% versus +26.3%, a 8.5-point spread.
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.
EBC vs QQQ: side by side
| EBC (Eastern Bankshares, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +34.8% | +26.3% |
| 5-year return | +30.6% | +95.4% |
| Volatility (ann.) | 28.3% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -25.0% | -22.8% |
| Market cap | $5.1B | – |
| P/E (trailing) | 12.5 | – |
| Dividend yield | 2.41% | 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 | EBC | QQQ |
|---|---|---|
| 2022 | -12.7% | -32.6% |
| 2023 | -15.0% | +54.9% |
| 2024 | +25.1% | +25.6% |
| 2025 | +10.1% | +20.8% |
| 2026 | +23.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBC and QQQ good diversifiers for each other?
Reasonably. At 0.27, EBC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EBC and QQQ?
The EBC/QQQ correlation stands at 0.27 on a 3-year window (1 year: 0.00, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EBC?
Reasonably. At 0.27, EBC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 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
$ curl https://www.pairbook.io/api/v1/pairs/ebc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ebc-vs-qqq/)
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Related comparisons
Hubs: EBC correlations · QQQ correlations
