EMPD vs QQQ: Correlation
Measured on weekly returns over the past three years, Empery Digital Inc. (EMPD) and Invesco QQQ Trust (QQQ) carry a correlation of 0.18, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMPD and QQQ?
Across a 3-year window, the weekly returns of EMPD and QQQ correlate at 0.18, weak. The past 12 months show a tighter link (0.50) than the 3-year average (0.18). Stretching to 5 years gives 0.19, with an annualized covariance of 467.1 %².
Out of 10 assets tracked against EMPD, QQQ lands near the bottom at #6. The last year tells two different stories: QQQ led by 81.7 percentage points, -55.4% for EMPD against +26.3% for QQQ. Note the risk asymmetry: EMPD runs 6.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EMPD vs QQQ: side by side
| EMPD (Empery Digital Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -55.4% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 135.0% | 19.6% |
| Beta vs S&P 500 | 1.57 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.8 | – |
| 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 | EMPD | QQQ |
|---|---|---|
| 2022 | -90.6% | -32.6% |
| 2023 | -98.0% | +54.9% |
| 2024 | -99.9% | +25.6% |
| 2025 | -86.9% | +20.8% |
| 2026 | -31.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMPD and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between EMPD and QQQ?
The EMPD/QQQ correlation stands at 0.18 on a 3-year window (1 year: 0.50, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EMPD?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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/empd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/empd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMPD correlations · QQQ correlations
