ETG vs QQQ: Correlation
How closely do Eaton Vance Tax-Advantaged Global Dividend Income Fund (ETG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETG and QQQ?
On 3 years of weekly data the ETG/QQQ correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.75 over 1 year against 0.82 over 3. The 5-year figure is 0.80, and annualized covariance runs at 271.2 %².
Within ETG's tracked universe of 27 assets, QQQ comes in at #12 by 3-year correlation. Neither side won the trailing year by much: +25.2% against +26.3%.
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.
ETG vs QQQ: side by side
| ETG (Eaton Vance Tax-Advantaged Global Dividend Income Fund) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +25.2% | +26.3% |
| 5-year return | +60.6% | +95.4% |
| Volatility (ann.) | 16.9% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -17.0% | -22.8% |
| Market cap | $1.9B | – |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 6.41% | 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 | ETG | QQQ |
|---|---|---|
| 2022 | -27.6% | -32.6% |
| 2023 | +22.0% | +54.9% |
| 2024 | +15.4% | +25.6% |
| 2025 | +36.9% | +20.8% |
| 2026 | +9.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETG and QQQ good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ETG and QQQ?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.75 over the last year and 0.80 over 5 years.
Is QQQ a good diversifier for ETG?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/etg-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/etg-vs-qqq/)
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Related comparisons
Hubs: ETG correlations · QQQ correlations
