EPM vs QQQ: Correlation
Evolution Petroleum Corporation, Inc. (EPM) 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 EPM and QQQ?
Over the past 3 years, EPM and QQQ moved with a correlation of 0.14, which is weak. The link has loosened recently: the 1-year correlation (-0.15) runs below the 3-year figure (0.14). Over 5 years the correlation is 0.06, and the annualized covariance of weekly returns is 96.3 %².
QQQ is close to the least connected end of EPM's tracked universe, ranking #7 of 10. The last year tells two different stories: QQQ led by 48.1 percentage points, -21.8% for EPM against +26.3% for QQQ. Note the risk asymmetry: EPM runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EPM vs QQQ: side by side
| EPM (Evolution Petroleum Corporation, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -21.8% | +26.3% |
| 5-year return | +28.8% | +95.4% |
| Volatility (ann.) | 34.3% | 19.6% |
| Beta vs S&P 500 | 0.50 | 1.28 |
| Max drawdown (3Y) | -55.2% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 14.04% | 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 | EPM | QQQ |
|---|---|---|
| 2022 | +58.7% | -32.6% |
| 2023 | -17.3% | +54.9% |
| 2024 | -2.0% | +25.6% |
| 2025 | -25.2% | +20.8% |
| 2026 | +6.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPM and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
FAQ
What is the correlation between EPM and QQQ?
The EPM/QQQ correlation stands at 0.14 on a 3-year window (1 year: -0.15, 5 years: 0.06), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EPM?
By historical standards, yes. A correlation of 0.14 means the two rarely move for the same reasons.
What does a correlation of 0.14 mean?
A reading of 0.14 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/epm-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/epm-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EPM correlations · QQQ correlations
