EMBJ vs QQQ: Correlation
How closely do Embraer S.A. (EMBJ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBJ and QQQ?
On 3 years of weekly data the EMBJ/QQQ correlation comes out at 0.26, weak. The relationship has been stable: the 1-year correlation (0.28) sits close to the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 210.0 %².
Out of 10 assets tracked against EMBJ, QQQ lands near the bottom at #7. Over the last 12 months EMBJ came out ahead by 9.3 percentage points (+35.6% against +26.3%). Risk is not evenly split, since EMBJ carries 2.1 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.
EMBJ vs QQQ: side by side
| EMBJ (Embraer S.A.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +35.6% | +26.3% |
| 5-year return | +327.0% | +95.4% |
| Volatility (ann.) | 41.9% | 19.6% |
| Beta vs S&P 500 | 0.91 | 1.28 |
| Max drawdown (3Y) | -32.6% | -22.8% |
| Market cap | $13.4B | – |
| P/E (trailing) | 30.5 | – |
| Dividend yield | 0.95% | 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 | EMBJ | QQQ |
|---|---|---|
| 2022 | -38.4% | -32.6% |
| 2023 | +68.8% | +54.9% |
| 2024 | +98.8% | +25.6% |
| 2025 | +75.7% | +20.8% |
| 2026 | +17.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBJ and QQQ good diversifiers for each other?
Reasonably. At 0.26, EMBJ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EMBJ and QQQ?
As of 2026-08-27, the correlation of weekly returns between EMBJ and QQQ is 0.26 over 3 years, 0.28 over 1 year and 0.38 over 5 years.
Is QQQ a good diversifier for EMBJ?
Reasonably. At 0.26, EMBJ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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/embj-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/embj-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMBJ correlations · QQQ correlations
