EGBN vs QQQ: Correlation
Eagle Bancorp, Inc. (EGBN) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGBN and QQQ?
On 3 years of weekly data the EGBN/QQQ correlation comes out at 0.13, weak. Recent behaviour matches the longer record: 0.06 over 1 year against 0.13 over 3. The 5-year figure is 0.16, and annualized covariance runs at 113.0 %².
Out of 10 assets tracked against EGBN, QQQ lands near the bottom at #7. The last year tells two different stories: EGBN led by 16.2 percentage points, +42.5% for EGBN against +26.3% for QQQ. Note the risk asymmetry: EGBN runs 2.2 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.
EGBN vs QQQ: side by side
| EGBN (Eagle Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +42.5% | +26.3% |
| 5-year return | -41.4% | +95.4% |
| Volatility (ann.) | 43.4% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -46.0% | -22.8% |
| Market cap | $0.8B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.14% | 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 | EGBN | QQQ |
|---|---|---|
| 2022 | -21.9% | -32.6% |
| 2023 | -27.0% | +54.9% |
| 2024 | -7.9% | +25.6% |
| 2025 | -15.6% | +20.8% |
| 2026 | +29.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGBN and QQQ good diversifiers for each other?
Yes. With a correlation of 0.13, EGBN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EGBN and QQQ?
As of 2026-08-27, the correlation of weekly returns between EGBN and QQQ is 0.13 over 3 years, 0.06 over 1 year and 0.16 over 5 years.
Is QQQ a good diversifier for EGBN?
Yes. With a correlation of 0.13, EGBN and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.13 mean?
A reading of 0.13 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/egbn-vs-qqq.json
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Related comparisons
Hubs: EGBN correlations · QQQ correlations
