EPD vs QQQ: Correlation
How closely do Enterprise Products Partners L.P. (EPD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.01, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPD and QQQ?
Across a 3-year window, the weekly returns of EPD and QQQ correlate at 0.01, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (0.01). Stretching to 5 years gives 0.12, with an annualized covariance of 4.1 %².
Out of 12 assets tracked against EPD, QQQ lands near the bottom at #9. Over the last 12 months EPD came out ahead by 5.2 percentage points (+31.5% against +26.3%).
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.
EPD vs QQQ: side by side
| EPD (Enterprise Products Partners L.P.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +31.5% | +26.3% |
| 5-year return | +150.0% | +95.4% |
| Volatility (ann.) | 16.4% | 19.6% |
| Beta vs S&P 500 | 0.15 | 1.28 |
| Max drawdown (3Y) | -15.4% | -22.8% |
| Market cap | $84.3B | – |
| P/E (trailing) | 13.6 | – |
| Dividend yield | 5.63% | 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 | EPD | QQQ |
|---|---|---|
| 2022 | +18.3% | -32.6% |
| 2023 | +17.7% | +54.9% |
| 2024 | +28.0% | +25.6% |
| 2025 | +9.5% | +20.8% |
| 2026 | +27.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPD and QQQ good diversifiers for each other?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EPD and QQQ?
The EPD/QQQ correlation stands at 0.01 on a 3-year window (1 year: -0.39, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EPD?
Yes: at 0.01, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.01 mean?
On the −1 to +1 scale, 0.01 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/epd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/epd-vs-qqq/)
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Related comparisons
Hubs: EPD correlations · QQQ correlations
