ECVT vs QQQ: Correlation
Measured on weekly returns over the past three years, Ecovyst Inc. (ECVT) and Invesco QQQ Trust (QQQ) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECVT and QQQ?
Across a 3-year window, the weekly returns of ECVT and QQQ correlate at 0.24, weak. The link has loosened recently: the 1-year correlation (-0.09) runs below the 3-year figure (0.24). Stretching to 5 years gives 0.28, with an annualized covariance of 183.6 %².
Among the 13 assets we track against ECVT, QQQ sits near the bottom by co-movement, at rank #10. On 12-month performance QQQ holds a 14.8-point edge, +11.5% against +26.3%. Note the risk asymmetry: ECVT runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ECVT vs QQQ: side by side
| ECVT (Ecovyst Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.5% | +26.3% |
| 5-year return | -23.2% | +95.4% |
| Volatility (ann.) | 39.7% | 19.6% |
| Beta vs S&P 500 | 0.82 | 1.28 |
| Max drawdown (3Y) | -52.2% | -22.8% |
| Market cap | $1.1B | – |
| P/E (trailing) | 44.1 | – |
| 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 | ECVT | QQQ |
|---|---|---|
| 2022 | -13.5% | -32.6% |
| 2023 | +10.3% | +54.9% |
| 2024 | -21.8% | +25.6% |
| 2025 | +27.4% | +20.8% |
| 2026 | +4.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECVT and QQQ good diversifiers for each other?
Reasonably. At 0.24, ECVT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECVT and QQQ?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with -0.09 over the last year and 0.28 over 5 years.
Is QQQ a good diversifier for ECVT?
Reasonably. At 0.24, ECVT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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Related comparisons
Hubs: ECVT correlations · QQQ correlations
