EONR vs QQQ: Correlation
How closely do EON Resources Inc. (EONR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.07, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EONR and QQQ?
Across a 3-year window, the weekly returns of EONR and QQQ correlate at -0.07, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.11 over 1 year against -0.07 over 3. Stretching to 5 years gives -0.05, with an annualized covariance of -188.5 %².
Among the 10 assets we track against EONR, QQQ sits near the bottom by co-movement, at rank #6. Correlation aside, the last 12 months split them widely, with EONR ahead by 23.8 points (+50.1% versus +26.3%). Risk is not evenly split, since EONR carries 7.1 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.
EONR vs QQQ: side by side
| EONR (EON Resources Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +50.1% | +26.3% |
| 5-year return | -94.8% | +95.4% |
| Volatility (ann.) | 138.7% | 19.6% |
| Beta vs S&P 500 | -0.81 | 1.28 |
| Max drawdown (3Y) | -97.7% | -22.8% |
| Market cap | – | – |
| 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 | EONR | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -80.2% | +54.9% |
| 2024 | -59.5% | +25.6% |
| 2025 | -53.2% | +20.8% |
| 2026 | +36.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EONR and QQQ good diversifiers for each other?
Yes: at -0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EONR and QQQ?
The EONR/QQQ correlation stands at -0.07 on a 3-year window (1 year: -0.11, 5 years: -0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EONR?
Yes: at -0.07, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.07 mean?
A reading of -0.07 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EONR correlations · QQQ correlations
