EBMT vs QQQ: Correlation
Eagle Bancorp Montana, Inc. (EBMT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EBMT and QQQ?
Across a 3-year window, the weekly returns of EBMT and QQQ correlate at 0.20, weak. The link has loosened recently: the 1-year correlation (0.03) runs below the 3-year figure (0.20). Stretching to 5 years gives 0.16, with an annualized covariance of 97.3 %².
Among the 12 assets we track against EBMT, QQQ sits near the bottom by co-movement, at rank #9. Over the last 12 months EBMT came out ahead by 5.9 percentage points (+32.2% against +26.3%).
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.
EBMT vs QQQ: side by side
| EBMT (Eagle Bancorp Montana, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +32.2% | +26.3% |
| 5-year return | +21.5% | +95.4% |
| Volatility (ann.) | 25.2% | 19.6% |
| Beta vs S&P 500 | 0.51 | 1.28 |
| Max drawdown (3Y) | -22.2% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.0 | – |
| Dividend yield | 2.56% | 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 | EBMT | QQQ |
|---|---|---|
| 2022 | -27.8% | -32.6% |
| 2023 | +1.9% | +54.9% |
| 2024 | +1.1% | +25.6% |
| 2025 | +34.4% | +20.8% |
| 2026 | +14.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EBMT and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EBMT and QQQ?
The EBMT/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.03, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EBMT?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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
$ curl https://www.pairbook.io/api/v1/pairs/ebmt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ebmt-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EBMT correlations · QQQ correlations
