EMA vs QQQ: Correlation
Measured on weekly returns over the past three years, Emera Incorporated (EMA) and Invesco QQQ Trust (QQQ) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMA and QQQ?
Over the past 3 years, EMA and QQQ moved with a correlation of 0.01, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.20) than the 3-year average (0.01). Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 4.1 %².
QQQ is close to the least connected end of EMA's tracked universe, ranking #8 of 11. Correlation aside, the last 12 months split them widely, with QQQ ahead by 18.8 points (+7.5% versus +26.3%).
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.
EMA vs QQQ: side by side
| EMA (Emera Incorporated) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.5% | +26.3% |
| 5-year return | +34.4% | +95.4% |
| Volatility (ann.) | 17.4% | 19.6% |
| Beta vs S&P 500 | 0.10 | 1.28 |
| Max drawdown (3Y) | -19.6% | -22.8% |
| Market cap | $15.4B | – |
| P/E (trailing) | 22.2 | – |
| Dividend yield | 5.77% | 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 | EMA | QQQ |
|---|---|---|
| 2022 | -19.3% | -32.6% |
| 2023 | +3.5% | +54.9% |
| 2024 | +6.3% | +25.6% |
| 2025 | +36.6% | +20.8% |
| 2026 | +3.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMA 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 EMA and QQQ?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with -0.20 over the last year and 0.22 over 5 years.
Is QQQ a good diversifier for EMA?
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ema-vs-qqq.json
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Related comparisons
Hubs: EMA correlations · QQQ correlations
