EOSE vs QQQ: Correlation
Measured on weekly returns over the past three years, Eos Energy Enterprises, Inc. (EOSE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.39, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EOSE and QQQ?
On 3 years of weekly data the EOSE/QQQ correlation comes out at 0.39, moderate. The past 12 months show a tighter link (0.52) than the 3-year average (0.39). The 5-year figure is 0.36, and annualized covariance runs at 824.3 %².
Out of 10 assets tracked against EOSE, QQQ lands near the bottom at #6. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 78.3 percentage points (-52.0% for EOSE against +26.3% for QQQ). One caveat on sizing: EOSE is 5.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EOSE vs QQQ: side by side
| EOSE (Eos Energy Enterprises, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -52.0% | +26.3% |
| 5-year return | -73.5% | +95.4% |
| Volatility (ann.) | 107.4% | 19.6% |
| Beta vs S&P 500 | 2.71 | 1.28 |
| Max drawdown (3Y) | -83.6% | -22.8% |
| Market cap | $1.2B | – |
| 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 | EOSE | QQQ |
|---|---|---|
| 2022 | -80.3% | -32.6% |
| 2023 | -26.4% | +54.9% |
| 2024 | +345.9% | +25.6% |
| 2025 | +135.8% | +20.8% |
| 2026 | -70.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EOSE and QQQ good diversifiers for each other?
Reasonably. At 0.39, EOSE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EOSE and QQQ?
As of 2026-08-27, the correlation of weekly returns between EOSE and QQQ is 0.39 over 3 years, 0.52 over 1 year and 0.36 over 5 years.
Is QQQ a good diversifier for EOSE?
Reasonably. At 0.39, EOSE and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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: EOSE correlations · QQQ correlations
