ECPG vs QQQ: Correlation
Measured on weekly returns over the past three years, Encore Capital Group Inc (ECPG) 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 ECPG and QQQ?
Over the past 3 years, ECPG and QQQ moved with a correlation of 0.29, which is weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.29). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 199.9 %².
Among the 16 assets we track against ECPG, QQQ sits near the bottom by co-movement, at rank #13. The last year tells two different stories: ECPG led by 118.0 percentage points, +144.3% for ECPG against +26.3% for QQQ. Risk is not evenly split, since ECPG carries 1.8 times the volatility of the other side.
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.
ECPG vs QQQ: side by side
| ECPG (Encore Capital Group Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +144.3% | +26.3% |
| 5-year return | +114.1% | +95.4% |
| Volatility (ann.) | 35.6% | 19.6% |
| Beta vs S&P 500 | 0.85 | 1.28 |
| Max drawdown (3Y) | -49.2% | -22.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | 7.7 | – |
| 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 | ECPG | QQQ |
|---|---|---|
| 2022 | -22.8% | -32.6% |
| 2023 | +5.9% | +54.9% |
| 2024 | -5.9% | +25.6% |
| 2025 | +13.8% | +20.8% |
| 2026 | +87.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and QQQ good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECPG and QQQ?
As of 2026-08-27, the correlation of weekly returns between ECPG and QQQ is 0.29 over 3 years, 0.05 over 1 year and 0.34 over 5 years.
Is QQQ a good diversifier for ECPG?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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
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Related comparisons
Hubs: ECPG correlations · QQQ correlations
