EDF vs QQQ: Correlation
How closely do Virtus Stone Harbor Emerging Markets Income Fund (EDF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EDF and QQQ?
On 3 years of weekly data the EDF/QQQ correlation comes out at 0.35, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.61 versus 0.35 over 3 years. The 5-year figure is 0.37, and annualized covariance runs at 143.8 %².
Among the 11 assets we track against EDF, QQQ sits near the bottom by co-movement, at rank #8. On 12-month performance QQQ holds a 10.9-point edge, +15.4% 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.
EDF vs QQQ: side by side
| EDF (Virtus Stone Harbor Emerging Markets Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +15.4% | +26.3% |
| 5-year return | +26.6% | +95.4% |
| Volatility (ann.) | 20.9% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -23.4% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 4.6 | – |
| 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 | EDF | QQQ |
|---|---|---|
| 2022 | -28.0% | -32.6% |
| 2023 | +21.6% | +54.9% |
| 2024 | +25.5% | +25.6% |
| 2025 | +22.2% | +20.8% |
| 2026 | +14.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EDF and QQQ good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EDF and QQQ?
As of 2026-08-27, the correlation of weekly returns between EDF and QQQ is 0.35 over 3 years, 0.61 over 1 year and 0.37 over 5 years.
Is QQQ a good diversifier for EDF?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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: EDF correlations · QQQ correlations
