ENSG vs QQQ: Correlation
How closely do The Ensign Group, Inc. (ENSG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.00, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENSG and QQQ?
On 3 years of weekly data the ENSG/QQQ correlation comes out at -0.00, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.30 versus -0.00 over 3 years. The 5-year figure is 0.21, and annualized covariance runs at -0.2 %².
QQQ is close to the least connected end of ENSG's tracked universe, ranking #8 of 12. The last year tells two different stories: QQQ led by 25.4 percentage points, +0.9% for ENSG against +26.3% for QQQ.
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.
ENSG vs QQQ: side by side
| ENSG (The Ensign Group, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +0.9% | +26.3% |
| 5-year return | +115.6% | +95.4% |
| Volatility (ann.) | 23.8% | 19.6% |
| Beta vs S&P 500 | 0.22 | 1.28 |
| Max drawdown (3Y) | -31.8% | -22.8% |
| Market cap | $10.1B | – |
| P/E (trailing) | 28.4 | – |
| Dividend yield | 0.14% | 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 | ENSG | QQQ |
|---|---|---|
| 2022 | +13.0% | -32.6% |
| 2023 | +18.9% | +54.9% |
| 2024 | +18.6% | +25.6% |
| 2025 | +31.3% | +20.8% |
| 2026 | -0.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENSG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.00 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENSG and QQQ?
As of 2026-08-27, the correlation of weekly returns between ENSG and QQQ is -0.00 over 3 years, -0.30 over 1 year and 0.21 over 5 years.
Is QQQ a good diversifier for ENSG?
By historical standards, yes. A correlation of -0.00 means the two rarely move for the same reasons.
What does a correlation of -0.00 mean?
On the −1 to +1 scale, -0.00 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/ensg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ensg-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENSG correlations · QQQ correlations
