EQS vs QQQ: Correlation
How closely do Equus Total Return, Inc. (EQS) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQS and QQQ?
On 3 years of weekly data the EQS/QQQ correlation comes out at -0.05, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.13 over 1 year against -0.05 over 3. The 5-year figure is 0.01, and annualized covariance runs at -43.1 %².
Among the 17 assets we track against EQS, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 75.8 points (-49.5% versus +26.3%). Risk is not evenly split, since EQS carries 2.4 times the volatility of the other side.
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.
EQS vs QQQ: side by side
| EQS (Equus Total Return, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -49.5% | +26.3% |
| 5-year return | -58.6% | +95.4% |
| Volatility (ann.) | 47.4% | 19.6% |
| Beta vs S&P 500 | -0.16 | 1.28 |
| Max drawdown (3Y) | -58.6% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 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 | EQS | QQQ |
|---|---|---|
| 2022 | -39.9% | -32.6% |
| 2023 | +1.4% | +54.9% |
| 2024 | -24.1% | +25.6% |
| 2025 | +28.2% | +20.8% |
| 2026 | -27.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQS and QQQ good diversifiers for each other?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EQS and QQQ?
Using weekly returns as of 2026-08-27: -0.05 over 3 years, with -0.13 over the last year and 0.01 over 5 years.
Is QQQ a good diversifier for EQS?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.05 mean?
A reading of -0.05 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EQS correlations · QQQ correlations
