EPSN vs QQQ: Correlation
How closely do Epsilon Energy Ltd. (EPSN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.00, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPSN and QQQ?
Over the past 3 years, EPSN and QQQ moved with a correlation of 0.00, which is near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.29) than the 3-year average (0.00). Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is 1.9 %².
By 3-year correlation, QQQ places #8 of the 13 assets tracked against EPSN. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 21.7 percentage points (+4.6% for EPSN against +26.3% for QQQ). Note the risk asymmetry: EPSN runs 1.6 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.
EPSN vs QQQ: side by side
| EPSN (Epsilon Energy Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.6% | +26.3% |
| 5-year return | +42.0% | +95.4% |
| Volatility (ann.) | 31.1% | 19.6% |
| Beta vs S&P 500 | 0.12 | 1.28 |
| Max drawdown (3Y) | -48.1% | -22.8% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.28% | 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 | EPSN | QQQ |
|---|---|---|
| 2022 | +21.4% | -32.6% |
| 2023 | -19.5% | +54.9% |
| 2024 | +28.2% | +25.6% |
| 2025 | -22.1% | +20.8% |
| 2026 | +30.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPSN and QQQ good diversifiers for each other?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EPSN and QQQ?
The EPSN/QQQ correlation stands at 0.00 on a 3-year window (1 year: -0.29, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EPSN?
Yes: at 0.00, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.00 mean?
On the −1 to +1 scale, 0.00 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/epsn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/epsn-vs-qqq/)
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Related comparisons
Hubs: EPSN correlations · QQQ correlations
