EQH vs QQQ: Correlation
Equitable Holdings, Inc. (EQH) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQH and QQQ?
Across a 3-year window, the weekly returns of EQH and QQQ correlate at 0.53, moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Stretching to 5 years gives 0.52, with an annualized covariance of 280.2 %².
Among the 20 assets we track against EQH, QQQ ranks #12 by 3-year correlation. The last year tells two different stories: QQQ led by 30.5 percentage points, -4.2% for EQH 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.
EQH vs QQQ: side by side
| EQH (Equitable Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -4.2% | +26.3% |
| 5-year return | +83.5% | +95.4% |
| Volatility (ann.) | 27.3% | 19.6% |
| Beta vs S&P 500 | 1.19 | 1.28 |
| Max drawdown (3Y) | -35.8% | -22.8% |
| Market cap | $13.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 2.29% | 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 | EQH | QQQ |
|---|---|---|
| 2022 | -10.2% | -32.6% |
| 2023 | +19.6% | +54.9% |
| 2024 | +45.0% | +25.6% |
| 2025 | +3.2% | +20.8% |
| 2026 | +7.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQH and QQQ good diversifiers for each other?
Only partially. A correlation of 0.53 means EQH and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EQH and QQQ?
As of 2026-08-27, the correlation of weekly returns between EQH and QQQ is 0.53 over 3 years, 0.55 over 1 year and 0.52 over 5 years.
Is QQQ a good diversifier for EQH?
Only partially. A correlation of 0.53 means EQH and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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
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Related comparisons
Hubs: EQH correlations · QQQ correlations
