EIX vs QQQ: Correlation
How closely do Edison International (EIX) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.00, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EIX and QQQ?
Across a 3-year window, the weekly returns of EIX and QQQ correlate at 0.00, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.26) than the 3-year average (0.00). Stretching to 5 years gives 0.20, with an annualized covariance of 0.7 %².
Within EIX's tracked universe of 30 assets, QQQ comes in at #18 by 3-year correlation. The trailing year gives EIX the advantage: +40.4% versus +26.3%, a 14.1-point spread. This link changes with the market regime, having swung between -0.28 and 0.34 on a rolling one-year basis.
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.
EIX vs QQQ: side by side
| EIX (Edison International) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +40.4% | +26.3% |
| 5-year return | +62.2% | +95.4% |
| Volatility (ann.) | 26.0% | 19.6% |
| Beta vs S&P 500 | 0.24 | 1.28 |
| Max drawdown (3Y) | -43.9% | -22.8% |
| Market cap | $28.4B | – |
| P/E (trailing) | 7.7 | – |
| Dividend yield | 4.64% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | EIX | QQQ |
|---|---|---|
| 2022 | -2.6% | -32.6% |
| 2023 | +17.4% | +54.9% |
| 2024 | +15.2% | +25.6% |
| 2025 | -20.4% | +20.8% |
| 2026 | +27.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EIX and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between EIX and QQQ?
The EIX/QQQ correlation stands at 0.00 on a 3-year window (1 year: -0.26, 5 years: 0.20), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EIX?
By historical standards, yes. A correlation of 0.00 means the two rarely move for the same reasons.
What does a correlation of 0.00 mean?
On the −1 to +1 scale, 0.00 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
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Related comparisons
Hubs: EIX correlations · QQQ correlations
