ELS vs QQQ: Correlation
Equity Lifestyle Properties, Inc. (ELS) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is -0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ELS and QQQ?
Over the past 3 years, ELS and QQQ moved with a correlation of -0.06, which is near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.15) sits close to the 3-year figure. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is -21.6 %².
QQQ is close to the least connected end of ELS's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 16.1 percentage points (+10.2% for ELS 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.
ELS vs QQQ: side by side
| ELS (Equity Lifestyle Properties, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +10.2% | +26.3% |
| 5-year return | -12.6% | +95.4% |
| Volatility (ann.) | 17.5% | 19.6% |
| Beta vs S&P 500 | 0.07 | 1.28 |
| Max drawdown (3Y) | -21.0% | -22.8% |
| Market cap | $12.8B | – |
| P/E (trailing) | 31.2 | – |
| Dividend yield | 3.27% | 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 | ELS | QQQ |
|---|---|---|
| 2022 | -24.5% | -32.6% |
| 2023 | +12.2% | +54.9% |
| 2024 | -2.8% | +25.6% |
| 2025 | -5.9% | +20.8% |
| 2026 | +7.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ELS and QQQ good diversifiers for each other?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ELS and QQQ?
As of 2026-08-27, the correlation of weekly returns between ELS and QQQ is -0.06 over 3 years, -0.15 over 1 year and 0.26 over 5 years.
Is QQQ a good diversifier for ELS?
Yes: at -0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.06 mean?
A reading of -0.06 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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Related comparisons
Hubs: ELS correlations · QQQ correlations
