ENR vs QQQ: Correlation
How closely do Energizer Holdings, Inc. (ENR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENR and QQQ?
On 3 years of weekly data the ENR/QQQ correlation comes out at 0.20, weak. The relationship has been stable: the 1-year correlation (0.24) sits close to the 3-year figure. The 5-year figure is 0.27, and annualized covariance runs at 162.6 %².
Out of 13 assets tracked against ENR, QQQ lands near the bottom at #9. The last year tells two different stories: QQQ led by 42.7 percentage points, -16.4% for ENR against +26.3% for QQQ. Note the risk asymmetry: ENR runs 2.1 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.
ENR vs QQQ: side by side
| ENR (Energizer Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -16.4% | +26.3% |
| 5-year return | -30.7% | +95.4% |
| Volatility (ann.) | 41.2% | 19.6% |
| Beta vs S&P 500 | 0.78 | 1.28 |
| Max drawdown (3Y) | -56.1% | -22.8% |
| Market cap | $1.5B | – |
| P/E (trailing) | 18.4 | – |
| Dividend yield | 5.46% | 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 | ENR | QQQ |
|---|---|---|
| 2022 | -13.2% | -32.6% |
| 2023 | -2.2% | +54.9% |
| 2024 | +14.4% | +25.6% |
| 2025 | -40.1% | +20.8% |
| 2026 | +16.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENR and QQQ good diversifiers for each other?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ENR and QQQ?
As of 2026-08-27, the correlation of weekly returns between ENR and QQQ is 0.20 over 3 years, 0.24 over 1 year and 0.27 over 5 years.
Is QQQ a good diversifier for ENR?
A fair diversifier. At 0.20, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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
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Related comparisons
Hubs: ENR correlations · QQQ correlations
