EG vs QQQ: Correlation
How closely do Everest Group (EG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EG and QQQ?
Over the past 3 years, EG and QQQ moved with a correlation of 0.03, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.08) than the 3-year average (0.03). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 12.2 %².
Among the 30 assets we track against EG, QQQ ranks #20 by 3-year correlation. The last year tells two different stories: QQQ led by 15.0 percentage points, +11.3% for EG against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.24 and 0.37 over the past three years, so this pair behaves very differently depending on the market environment.
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.
EG vs QQQ: side by side
| EG (Everest Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +11.3% | +26.3% |
| 5-year return | +57.2% | +95.4% |
| Volatility (ann.) | 22.2% | 19.6% |
| Beta vs S&P 500 | 0.28 | 1.28 |
| Max drawdown (3Y) | -23.8% | -22.8% |
| Market cap | $14.5B | – |
| P/E (trailing) | 8.0 | – |
| Dividend yield | 2.11% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | EG | QQQ |
|---|---|---|
| 2022 | +23.7% | -32.6% |
| 2023 | +8.7% | +54.9% |
| 2024 | +4.6% | +25.6% |
| 2025 | -5.3% | +20.8% |
| 2026 | +12.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EG and QQQ good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EG and QQQ?
As of 2026-08-27, the correlation of weekly returns between EG and QQQ is 0.03 over 3 years, -0.08 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for EG?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
A reading of 0.03 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
$ curl https://www.pairbook.io/api/v1/pairs/eg-vs-qqq.json
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Related comparisons
Hubs: EG correlations · QQQ correlations
