EQT vs QQQ: Correlation
EQT Corporation (EQT) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQT and QQQ?
Over the past 3 years, EQT and QQQ moved with a correlation of 0.19, which is weak. The past 12 months show a weaker link (-0.24) than the 3-year average (0.19). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 125.7 %².
Within EQT's tracked universe of 31 assets, QQQ comes in at #21 by 3-year correlation. The last year tells two different stories: QQQ led by 18.4 percentage points, +7.9% for EQT against +26.3% for QQQ. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from -0.25 to 0.56. One caveat on sizing: EQT is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EQT vs QQQ: side by side
| EQT (EQT Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +7.9% | +26.3% |
| 5-year return | +224.8% | +95.4% |
| Volatility (ann.) | 34.1% | 19.6% |
| Beta vs S&P 500 | 0.52 | 1.28 |
| Max drawdown (3Y) | -31.6% | -22.8% |
| Market cap | $34.3B | – |
| P/E (trailing) | 12.7 | – |
| Dividend yield | 1.19% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Energy | 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 | EQT | QQQ |
|---|---|---|
| 2022 | +57.6% | -32.6% |
| 2023 | +16.2% | +54.9% |
| 2024 | +21.4% | +25.6% |
| 2025 | +17.6% | +20.8% |
| 2026 | +3.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQT and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between EQT and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with -0.24 over the last year and 0.21 over 5 years.
Is QQQ a good diversifier for EQT?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 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/eqt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqt-vs-qqq/)
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Related comparisons
Hubs: EQT correlations · QQQ correlations
