ETD vs QQQ: Correlation
How closely do Ethan Allen Interiors Inc. (ETD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETD and QQQ?
Across a 3-year window, the weekly returns of ETD and QQQ correlate at 0.22, weak. Lately the two have drifted apart, with the 1-year correlation at -0.03 versus 0.22 over 3 years. Stretching to 5 years gives 0.31, with an annualized covariance of 120.4 %².
Among the 12 assets we track against ETD, QQQ sits near the bottom by co-movement, at rank #9. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.6 percentage points (-15.3% for ETD against +26.3% for QQQ).
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.
ETD vs QQQ: side by side
| ETD (Ethan Allen Interiors Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.3% | +26.3% |
| 5-year return | +35.4% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.66 | 1.28 |
| Max drawdown (3Y) | -36.8% | -22.8% |
| Market cap | $0.6B | – |
| P/E (trailing) | 15.1 | – |
| Dividend yield | 6.61% | 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 | ETD | QQQ |
|---|---|---|
| 2022 | +7.5% | -32.6% |
| 2023 | +28.7% | +54.9% |
| 2024 | -6.0% | +25.6% |
| 2025 | -13.2% | +20.8% |
| 2026 | +9.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETD and QQQ good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ETD and QQQ?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with -0.03 over the last year and 0.31 over 5 years.
Is QQQ a good diversifier for ETD?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 mean?
A reading of 0.22 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/etd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etd-vs-qqq/)
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Related comparisons
Hubs: ETD correlations · QQQ correlations
