EPAC vs QQQ: Correlation
Measured on weekly returns over the past three years, Enerpac Tool Group Corp. (EPAC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPAC and QQQ?
On 3 years of weekly data the EPAC/QQQ correlation comes out at 0.34, moderate. The link has loosened recently: the 1-year correlation (0.24) runs below the 3-year figure (0.34). The 5-year figure is 0.38, and annualized covariance runs at 189.2 %².
QQQ is close to the least connected end of EPAC's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 38.6 percentage points, -12.3% for EPAC 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.
EPAC vs QQQ: side by side
| EPAC (Enerpac Tool Group Corp.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -12.3% | +26.3% |
| 5-year return | +50.0% | +95.4% |
| Volatility (ann.) | 28.6% | 19.6% |
| Beta vs S&P 500 | 0.80 | 1.28 |
| Max drawdown (3Y) | -36.1% | -22.8% |
| Market cap | $1.9B | – |
| P/E (trailing) | 21.4 | – |
| Dividend yield | 0.11% | 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 | EPAC | QQQ |
|---|---|---|
| 2022 | +25.7% | -32.6% |
| 2023 | +22.3% | +54.9% |
| 2024 | +32.3% | +25.6% |
| 2025 | -6.8% | +20.8% |
| 2026 | -1.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPAC and QQQ good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EPAC and QQQ?
The EPAC/QQQ correlation stands at 0.34 on a 3-year window (1 year: 0.24, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EPAC?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/epac-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/epac-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EPAC correlations · QQQ correlations
