ERIE vs QQQ: Correlation
Measured on weekly returns over the past three years, Erie Indemnity (ERIE) and Invesco QQQ Trust (QQQ) carry a correlation of 0.08, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ERIE and QQQ?
On 3 years of weekly data the ERIE/QQQ correlation comes out at 0.08, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.08). The 5-year figure is 0.12, and annualized covariance runs at 44.7 %².
Within ERIE's tracked universe of 33 assets, QQQ comes in at #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 50.8 percentage points (-24.5% for ERIE against +26.3% for QQQ). On a rolling one-year basis the correlation drifted between -0.19 and 0.19, a moderate band. One caveat on sizing: ERIE is 1.5 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.
ERIE vs QQQ: side by side
| ERIE (Erie Indemnity) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -24.5% | +26.3% |
| 5-year return | +61.3% | +95.4% |
| Volatility (ann.) | 30.3% | 19.6% |
| Beta vs S&P 500 | 0.37 | 1.28 |
| Max drawdown (3Y) | -60.9% | -22.8% |
| Market cap | $13.6B | – |
| P/E (trailing) | 23.4 | – |
| Dividend yield | 2.24% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Financials | 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 | ERIE | QQQ |
|---|---|---|
| 2022 | +32.0% | -32.6% |
| 2023 | +37.3% | +54.9% |
| 2024 | +24.7% | +25.6% |
| 2025 | -29.4% | +20.8% |
| 2026 | -8.0% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ERIE and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
FAQ
What is the correlation between ERIE and QQQ?
The ERIE/QQQ correlation stands at 0.08 on a 3-year window (1 year: -0.08, 5 years: 0.12), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ERIE?
By historical standards, yes. A correlation of 0.08 means the two rarely move for the same reasons.
What does a correlation of 0.08 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: ERIE correlations · QQQ correlations
