EEA vs QQQ: Correlation
Measured on weekly returns over the past three years, The European Equity Fund, Inc. (EEA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEA and QQQ?
Across a 3-year window, the weekly returns of EEA and QQQ correlate at 0.50, moderate. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 150.3 %².
Within EEA's tracked universe of 14 assets, QQQ comes in at #9 by 3-year correlation. The trailing year gives QQQ the advantage: +11.7% versus +26.3%, a 14.6-point spread.
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.
EEA vs QQQ: side by side
| EEA (The European Equity Fund, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.7% | +26.3% |
| 5-year return | +34.8% | +95.4% |
| Volatility (ann.) | 15.4% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -14.1% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 6.92% | 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 | EEA | QQQ |
|---|---|---|
| 2022 | -19.0% | -32.6% |
| 2023 | +17.2% | +54.9% |
| 2024 | -3.5% | +25.6% |
| 2025 | +28.8% | +20.8% |
| 2026 | +13.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEA and QQQ good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EEA and QQQ?
The EEA/QQQ correlation stands at 0.50 on a 3-year window (1 year: 0.58, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EEA?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
On the −1 to +1 scale, 0.50 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
$ curl https://www.pairbook.io/api/v1/pairs/eea-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eea-vs-qqq/)
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Related comparisons
Hubs: EEA correlations · QQQ correlations
