EFSI vs QQQ: Correlation
Measured on weekly returns over the past three years, Eagle Financial Services Inc (EFSI) and Invesco QQQ Trust (QQQ) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EFSI and QQQ?
Over the past 3 years, EFSI and QQQ moved with a correlation of 0.17, which is weak. Little has changed lately, as the 1-year reading of 0.22 lands near the 3-year figure. Over 5 years the correlation is 0.09, and the annualized covariance of weekly returns is 67.5 %².
QQQ is close to the least connected end of EFSI's tracked universe, ranking #8 of 11. On 12-month performance QQQ holds a 8.7-point edge, +17.6% 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.
EFSI vs QQQ: side by side
| EFSI (Eagle Financial Services Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.6% | +26.3% |
| 5-year return | +46.3% | +95.4% |
| Volatility (ann.) | 20.3% | 19.6% |
| Beta vs S&P 500 | 0.30 | 1.28 |
| Max drawdown (3Y) | -21.2% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.8 | – |
| Dividend yield | 2.97% | 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 | EFSI | QQQ |
|---|---|---|
| 2022 | +8.0% | -32.6% |
| 2023 | -13.4% | +54.9% |
| 2024 | +26.2% | +25.6% |
| 2025 | +13.4% | +20.8% |
| 2026 | +7.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EFSI and QQQ good diversifiers for each other?
Yes. With a correlation of 0.17, EFSI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EFSI and QQQ?
Using weekly returns as of 2026-08-27: 0.17 over 3 years, with 0.22 over the last year and 0.09 over 5 years.
Is QQQ a good diversifier for EFSI?
Yes. With a correlation of 0.17, EFSI and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EFSI correlations · QQQ correlations
