EE vs QQQ: Correlation
Measured on weekly returns over the past three years, Excelerate Energy, Inc. (EE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.12, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EE and QQQ?
Over the past 3 years, EE and QQQ moved with a correlation of 0.12, which is weak. The past 12 months show a weaker link (-0.15) than the 3-year average (0.12). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 85.8 %².
Among the 10 assets we track against EE, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months EE outperformed by 37.4 percentage points (+63.7% for EE against +26.3% for QQQ). Note the risk asymmetry: EE runs 1.9 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.
EE vs QQQ: side by side
| EE (Excelerate Energy, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +63.7% | +26.3% |
| 5-year return | +52.1% | +95.4% |
| Volatility (ann.) | 36.5% | 19.6% |
| Beta vs S&P 500 | 0.47 | 1.28 |
| Max drawdown (3Y) | -29.1% | -22.8% |
| Market cap | $4.5B | – |
| P/E (trailing) | 27.0 | – |
| Dividend yield | 0.84% | 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 | EE | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -38.0% | +54.9% |
| 2024 | +96.9% | +25.6% |
| 2025 | -6.3% | +20.8% |
| 2026 | +42.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EE and QQQ good diversifiers for each other?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EE and QQQ?
As of 2026-08-27, the correlation of weekly returns between EE and QQQ is 0.12 over 3 years, -0.15 over 1 year and 0.19 over 5 years.
Is QQQ a good diversifier for EE?
Yes: at 0.12, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.12 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.
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Related comparisons
Hubs: EE correlations · QQQ correlations
