ESQ vs QQQ: Correlation
How closely do Esquire Financial Holdings, Inc. (ESQ) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESQ and QQQ?
On 3 years of weekly data the ESQ/QQQ correlation comes out at 0.20, weak. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.20 over 3 years. The 5-year figure is 0.19, and annualized covariance runs at 114.0 %².
QQQ is close to the least connected end of ESQ's tracked universe, ranking #7 of 10. The trailing year gives QQQ the advantage: +14.5% versus +26.3%, a 11.8-point spread.
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.
ESQ vs QQQ: side by side
| ESQ (Esquire Financial Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +14.5% | +26.3% |
| 5-year return | +359.7% | +95.4% |
| Volatility (ann.) | 29.3% | 19.6% |
| Beta vs S&P 500 | 0.60 | 1.28 |
| Max drawdown (3Y) | -20.7% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 18.6 | – |
| Dividend yield | 0.67% | 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 | ESQ | QQQ |
|---|---|---|
| 2022 | +38.3% | -32.6% |
| 2023 | +16.7% | +54.9% |
| 2024 | +60.9% | +25.6% |
| 2025 | +29.4% | +20.8% |
| 2026 | +12.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESQ and QQQ good diversifiers for each other?
Reasonably. At 0.20, ESQ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ESQ and QQQ?
The ESQ/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.04, 5 years: 0.19), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ESQ?
Reasonably. At 0.20, ESQ and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 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/esq-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/esq-vs-qqq/)
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Related comparisons
Hubs: ESQ correlations · QQQ correlations
