ELPW vs QQQ: Correlation
How closely do Elong Power Holding Limited - Class A (ELPW) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELPW and QQQ?
Across a 3-year window, the weekly returns of ELPW and QQQ correlate at 0.01, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.02 over 1 year against 0.01 over 3. Stretching to 5 years gives n/a, with an annualized covariance of 620.5 %².
By 3-year correlation, QQQ places #19 of the 30 assets tracked against ELPW. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 125.3 percentage points (-99.0% for ELPW against +26.3% for QQQ). Risk is not evenly split, since ELPW carries 170.0 times the volatility of the other side.
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.
ELPW vs QQQ: side by side
| ELPW (Elong Power Holding Limited - Class A) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.0% | +26.3% |
| 5-year return | n/a | +95.4% |
| Volatility (ann.) | 3332.8% | 19.6% |
| Beta vs S&P 500 | 3.98 | 1.28 |
| Max drawdown (3Y) | -100.0% | -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 | ELPW | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | – | +54.9% |
| 2024 | -87.5% | +25.6% |
| 2025 | -91.4% | +20.8% |
| 2026 | -97.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELPW and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
FAQ
What is the correlation between ELPW and QQQ?
As of 2026-08-27, the correlation of weekly returns between ELPW and QQQ is 0.01 over 3 years, 0.02 over 1 year and n/a over 5 years.
Is QQQ a good diversifier for ELPW?
By historical standards, yes. A correlation of 0.01 means the two rarely move for the same reasons.
What does a correlation of 0.01 mean?
On the −1 to +1 scale, 0.01 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: ELPW correlations · QQQ correlations
