EP vs QQQ: Correlation
Empire Petroleum Corporation (EP) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EP and QQQ?
Over the past 3 years, EP and QQQ moved with a correlation of 0.14, which is weak. The link has loosened recently: the 1-year correlation (-0.11) runs below the 3-year figure (0.14). Over 5 years the correlation is 0.04, and the annualized covariance of weekly returns is 188.3 %².
Among the 10 assets we track against EP, QQQ sits near the bottom by co-movement, at rank #7. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 59.2 percentage points (-32.9% for EP against +26.3% for QQQ). One caveat on sizing: EP is 3.4 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.
EP vs QQQ: side by side
| EP (Empire Petroleum Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -32.9% | +26.3% |
| 5-year return | -46.4% | +95.4% |
| Volatility (ann.) | 67.0% | 19.6% |
| Beta vs S&P 500 | 1.00 | 1.28 |
| Max drawdown (3Y) | -77.9% | -22.8% |
| Market cap | $0.1B | – |
| 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 | EP | QQQ |
|---|---|---|
| 2022 | +1.9% | -32.6% |
| 2023 | -10.7% | +54.9% |
| 2024 | -30.8% | +25.6% |
| 2025 | -60.0% | +20.8% |
| 2026 | +7.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EP and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, EP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EP and QQQ?
Using weekly returns as of 2026-08-27: 0.14 over 3 years, with -0.11 over the last year and 0.04 over 5 years.
Is QQQ a good diversifier for EP?
Yes. With a correlation of 0.14, EP and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
On the −1 to +1 scale, 0.14 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/ep-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ep-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EP correlations · QQQ correlations
