ESLA vs QQQ: Correlation
Estrella Immunopharma, Inc. (ESLA) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESLA and QQQ?
Across a 3-year window, the weekly returns of ESLA and QQQ correlate at 0.10, weak. The past 12 months show a tighter link (0.23) than the 3-year average (0.10). Stretching to 5 years gives 0.10, with an annualized covariance of 239.5 %².
Among the 10 assets we track against ESLA, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 49.5 percentage points, -23.2% for ESLA against +26.3% for QQQ. Risk is not evenly split, since ESLA carries 6.2 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.
ESLA vs QQQ: side by side
| ESLA (Estrella Immunopharma, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -23.2% | +26.3% |
| 5-year return | -92.6% | +95.4% |
| Volatility (ann.) | 120.6% | 19.6% |
| Beta vs S&P 500 | 1.20 | 1.28 |
| Max drawdown (3Y) | -96.7% | -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 | ESLA | QQQ |
|---|---|---|
| 2022 | +3.8% | -32.6% |
| 2023 | -89.2% | +54.9% |
| 2024 | +8.1% | +25.6% |
| 2025 | +30.0% | +20.8% |
| 2026 | -53.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESLA and QQQ good diversifiers for each other?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ESLA and QQQ?
As of 2026-08-27, the correlation of weekly returns between ESLA and QQQ is 0.10 over 3 years, 0.23 over 1 year and 0.10 over 5 years.
Is QQQ a good diversifier for ESLA?
Yes: at 0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.10 mean?
A reading of 0.10 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: ESLA correlations · QQQ correlations
