EGAN vs QQQ: Correlation
How closely do eGain Corporation (EGAN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGAN and QQQ?
On 3 years of weekly data the EGAN/QQQ correlation comes out at 0.24, weak. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 233.1 %².
Among the 10 assets we track against EGAN, QQQ sits near the bottom by co-movement, at rank #7. The trailing year gives QQQ the advantage: +18.7% versus +26.3%, a 7.6-point spread. Note the risk asymmetry: EGAN runs 2.5 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.
EGAN vs QQQ: side by side
| EGAN (eGain Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +18.7% | +26.3% |
| 5-year return | -36.1% | +95.4% |
| Volatility (ann.) | 49.6% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -60.5% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | 5.3 | – |
| 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 | EGAN | QQQ |
|---|---|---|
| 2022 | -9.5% | -32.6% |
| 2023 | -7.8% | +54.9% |
| 2024 | -25.2% | +25.6% |
| 2025 | +65.2% | +20.8% |
| 2026 | -27.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGAN and QQQ good diversifiers for each other?
Reasonably. At 0.24, EGAN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EGAN and QQQ?
The EGAN/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.29, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EGAN?
Reasonably. At 0.24, EGAN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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.
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Related comparisons
Hubs: EGAN correlations · QQQ correlations
