EGP vs QQQ: Correlation
How closely do EastGroup Properties, Inc. (EGP) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGP and QQQ?
On 3 years of weekly data the EGP/QQQ correlation comes out at 0.32, moderate. The link has loosened recently: the 1-year correlation (0.07) runs below the 3-year figure (0.32). The 5-year figure is 0.49, and annualized covariance runs at 120.4 %².
QQQ is close to the least connected end of EGP's tracked universe, ranking #12 of 15. Twelve-month performance is nearly a tie, at +22.6% for EGP and +26.3% for QQQ.
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.
EGP vs QQQ: side by side
| EGP (EastGroup Properties, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.6% | +26.3% |
| 5-year return | +29.6% | +95.4% |
| Volatility (ann.) | 19.2% | 19.6% |
| Beta vs S&P 500 | 0.58 | 1.28 |
| Max drawdown (3Y) | -22.4% | -22.8% |
| Market cap | $10.8B | – |
| P/E (trailing) | 35.3 | – |
| Dividend yield | 3.19% | 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 | EGP | QQQ |
|---|---|---|
| 2022 | -33.1% | -32.6% |
| 2023 | +27.7% | +54.9% |
| 2024 | -9.8% | +25.6% |
| 2025 | +14.9% | +20.8% |
| 2026 | +14.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGP and QQQ good diversifiers for each other?
Reasonably. At 0.32, EGP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EGP and QQQ?
The EGP/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.07, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EGP?
Reasonably. At 0.32, EGP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/egp-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/egp-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGP correlations · QQQ correlations
