EGY vs QQQ: Correlation
How closely do VAALCO Energy, Inc. (EGY) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGY and QQQ?
On 3 years of weekly data the EGY/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.14 versus 0.09 over 3 years. The 5-year figure is 0.12, and annualized covariance runs at 79.8 %².
QQQ is close to the least connected end of EGY's tracked universe, ranking #7 of 10. Their recent paths diverged sharply: over the last 12 months EGY outperformed by 30.7 percentage points (+57.0% for EGY against +26.3% for QQQ). Note the risk asymmetry: EGY runs 2.4 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.
EGY vs QQQ: side by side
| EGY (VAALCO Energy, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +57.0% | +26.3% |
| 5-year return | +195.9% | +95.4% |
| Volatility (ann.) | 47.9% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -56.5% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.39% | 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 | EGY | QQQ |
|---|---|---|
| 2022 | +45.5% | -32.6% |
| 2023 | +4.4% | +54.9% |
| 2024 | +2.0% | +25.6% |
| 2025 | -10.7% | +20.8% |
| 2026 | +64.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGY and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, EGY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EGY and QQQ?
The EGY/QQQ correlation stands at 0.09 on a 3-year window (1 year: -0.14, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EGY?
Yes. With a correlation of 0.09, EGY and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
A reading of 0.09 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
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Hubs: EGY correlations · QQQ correlations
