ECC vs QQQ: Correlation
Measured on weekly returns over the past three years, Eagle Point Credit Company Common Share of Beneficial (ECC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.29, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECC and QQQ?
Across a 3-year window, the weekly returns of ECC and QQQ correlate at 0.29, weak. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.28, with an annualized covariance of 148.0 %².
Among the 12 assets we track against ECC, QQQ sits near the bottom by co-movement, at rank #9. Correlation aside, the last 12 months split them widely, with QQQ ahead by 58.0 points (-31.7% versus +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.
ECC vs QQQ: side by side
| ECC (Eagle Point Credit Company Common Share of Beneficial) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -31.7% | +26.3% |
| 5-year return | -22.4% | +95.4% |
| Volatility (ann.) | 26.2% | 19.6% |
| Beta vs S&P 500 | 0.62 | 1.28 |
| Max drawdown (3Y) | -49.4% | -22.8% |
| Market cap | $0.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 37.50% | 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 | ECC | QQQ |
|---|---|---|
| 2022 | -11.7% | -32.6% |
| 2023 | +12.1% | +54.9% |
| 2024 | +13.4% | +25.6% |
| 2025 | -18.4% | +20.8% |
| 2026 | -21.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECC and QQQ good diversifiers for each other?
Reasonably. At 0.29, ECC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECC and QQQ?
As of 2026-08-27, the correlation of weekly returns between ECC and QQQ is 0.29 over 3 years, 0.32 over 1 year and 0.28 over 5 years.
Is QQQ a good diversifier for ECC?
Reasonably. At 0.29, ECC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 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/ecc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ecc-vs-qqq/)
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Related comparisons
Hubs: ECC correlations · QQQ correlations
