EHC vs QQQ: Correlation
Encompass Health Corporation (EHC) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHC and QQQ?
Over the past 3 years, EHC and QQQ moved with a correlation of 0.24, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.09 versus 0.24 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 115.9 %².
Out of 15 assets tracked against EHC, QQQ lands near the bottom at #12. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 28.9 percentage points (-2.6% for EHC against +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.
EHC vs QQQ: side by side
| EHC (Encompass Health Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -2.6% | +26.3% |
| 5-year return | +101.2% | +95.4% |
| Volatility (ann.) | 24.5% | 19.6% |
| Beta vs S&P 500 | 0.61 | 1.28 |
| Max drawdown (3Y) | -26.1% | -22.8% |
| Market cap | $11.8B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.63% | 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 | EHC | QQQ |
|---|---|---|
| 2022 | +17.0% | -32.6% |
| 2023 | +12.6% | +54.9% |
| 2024 | +39.2% | +25.6% |
| 2025 | +15.7% | +20.8% |
| 2026 | +13.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHC and QQQ good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EHC and QQQ?
The EHC/QQQ correlation stands at 0.24 on a 3-year window (1 year: 0.09, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EHC?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ehc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ehc-vs-qqq/)
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Related comparisons
Hubs: EHC correlations · QQQ correlations
