EEFT vs QQQ: Correlation
Euronet Worldwide, Inc. (EEFT) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEFT and QQQ?
On 3 years of weekly data the EEFT/QQQ correlation comes out at 0.33, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.33 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 192.3 %².
Out of 14 assets tracked against EEFT, QQQ lands near the bottom at #11. The last year tells two different stories: QQQ led by 53.3 percentage points, -27.0% for EEFT against +26.3% for QQQ. Risk is not evenly split, since EEFT carries 1.5 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.
EEFT vs QQQ: side by side
| EEFT (Euronet Worldwide, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -27.0% | +26.3% |
| 5-year return | -48.7% | +95.4% |
| Volatility (ann.) | 30.1% | 19.6% |
| Beta vs S&P 500 | 0.89 | 1.28 |
| Max drawdown (3Y) | -45.3% | -22.8% |
| Market cap | $2.6B | – |
| P/E (trailing) | 11.2 | – |
| 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 | EEFT | QQQ |
|---|---|---|
| 2022 | -20.8% | -32.6% |
| 2023 | +7.5% | +54.9% |
| 2024 | +1.3% | +25.6% |
| 2025 | -26.0% | +20.8% |
| 2026 | -10.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEFT and QQQ good diversifiers for each other?
Reasonably. At 0.33, EEFT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EEFT and QQQ?
The EEFT/QQQ correlation stands at 0.33 on a 3-year window (1 year: 0.17, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EEFT?
Reasonably. At 0.33, EEFT and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: EEFT correlations · QQQ correlations
