EMR vs QQQ: Correlation
Emerson Electric (EMR) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and QQQ?
Over the past 3 years, EMR and QQQ moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 315.9 %².
By 3-year correlation, QQQ places #27 of the 47 assets tracked against EMR. Over the last 12 months QQQ came out ahead by 6.3 percentage points (+20.0% against +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between 0.23 and 0.74 over the past three years, so this pair behaves very differently depending on the market environment.
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.
EMR vs QQQ: side by side
| EMR (Emerson Electric) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +20.0% | +26.3% |
| 5-year return | +65.4% | +95.4% |
| Volatility (ann.) | 28.3% | 19.6% |
| Beta vs S&P 500 | 1.29 | 1.28 |
| Max drawdown (3Y) | -29.6% | -22.8% |
| Market cap | $88.0B | – |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | EMR | QQQ |
|---|---|---|
| 2022 | +5.7% | -32.6% |
| 2023 | +3.8% | +54.9% |
| 2024 | +29.7% | +25.6% |
| 2025 | +8.9% | +20.8% |
| 2026 | +20.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and QQQ good diversifiers for each other?
Only partially. A correlation of 0.57 means EMR and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EMR and QQQ?
As of 2026-08-27, the correlation of weekly returns between EMR and QQQ is 0.57 over 3 years, 0.56 over 1 year and 0.57 over 5 years.
Is QQQ a good diversifier for EMR?
Only partially. A correlation of 0.57 means EMR and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/emr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/emr-vs-qqq/)
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Related comparisons
Hubs: EMR correlations · QQQ correlations
