EHGO vs QQQ: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Invesco QQQ Trust (QQQ) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and QQQ?
Across a 3-year window, the weekly returns of EHGO and QQQ correlate at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.29) than the 3-year average (-0.16). Stretching to 5 years gives n/a, with an annualized covariance of -424.0 %².
By 3-year correlation, QQQ places #14 of the 66 assets tracked against EHGO. The last year tells two different stories: QQQ led by 116.4 percentage points, -90.1% for EHGO against +26.3% for QQQ. One caveat on sizing: EHGO is 6.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EHGO vs QQQ: side by side
| EHGO (Eshallgo Inc. - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -90.1% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 127.9% | 19.6% |
| Beta vs S&P 500 | -1.42 | 1.28 |
| Max drawdown (3Y) | -98.5% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | EHGO | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | – | +25.6% |
| 2025 | -94.4% | +20.8% |
| 2026 | -65.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and QQQ good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and QQQ?
As of 2026-08-27, the correlation of weekly returns between EHGO and QQQ is -0.16 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for EHGO?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
On the −1 to +1 scale, -0.16 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: EHGO correlations · QQQ correlations
