EOLS vs QQQ: Correlation
Evolus, Inc. (EOLS) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOLS and QQQ?
On 3 years of weekly data the EOLS/QQQ correlation comes out at 0.22, weak. The past 12 months show a tighter link (0.36) than the 3-year average (0.22). The 5-year figure is 0.25, and annualized covariance runs at 268.2 %².
QQQ is close to the least connected end of EOLS's tracked universe, ranking #7 of 10. Over the last 12 months QQQ came out ahead by 9.1 percentage points (+17.2% against +26.3%). Risk is not evenly split, since EOLS carries 3.2 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.
EOLS vs QQQ: side by side
| EOLS (Evolus, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +17.2% | +26.3% |
| 5-year return | -16.1% | +95.4% |
| Volatility (ann.) | 63.5% | 19.6% |
| Beta vs S&P 500 | 1.06 | 1.28 |
| Max drawdown (3Y) | -77.5% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | – | – |
| 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 | EOLS | QQQ |
|---|---|---|
| 2022 | +15.4% | -32.6% |
| 2023 | +40.2% | +54.9% |
| 2024 | +4.8% | +25.6% |
| 2025 | -39.8% | +20.8% |
| 2026 | +33.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOLS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EOLS and QQQ?
The EOLS/QQQ correlation stands at 0.22 on a 3-year window (1 year: 0.36, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EOLS?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: EOLS correlations · QQQ correlations
