ETR vs QQQ: Correlation
How closely do Entergy (ETR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETR and QQQ?
Across a 3-year window, the weekly returns of ETR and QQQ correlate at 0.03, near zero, meaning they move largely independently. The past 12 months show a weaker link (-0.13) than the 3-year average (0.03). Stretching to 5 years gives 0.20, with an annualized covariance of 9.8 %².
By 3-year correlation, QQQ places #28 of the 38 assets tracked against ETR. Neither side won the trailing year by much: +21.9% against +26.3%. The relationship is regime-dependent: the rolling one-year correlation swung between -0.37 and 0.39 over the past three years, so this pair behaves very differently depending on the market environment.
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.
ETR vs QQQ: side by side
| ETR (Entergy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +21.9% | +26.3% |
| 5-year return | +132.0% | +95.4% |
| Volatility (ann.) | 19.7% | 19.6% |
| Beta vs S&P 500 | 0.22 | 1.28 |
| Max drawdown (3Y) | -10.6% | -22.8% |
| Market cap | $49.7B | – |
| P/E (trailing) | 27.2 | – |
| Dividend yield | 2.35% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | ETR | QQQ |
|---|---|---|
| 2022 | +3.6% | -32.6% |
| 2023 | -6.1% | +54.9% |
| 2024 | +56.0% | +25.6% |
| 2025 | +25.3% | +20.8% |
| 2026 | +17.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETR and QQQ good diversifiers for each other?
Yes. With a correlation of 0.03, ETR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ETR and QQQ?
As of 2026-08-27, the correlation of weekly returns between ETR and QQQ is 0.03 over 3 years, -0.13 over 1 year and 0.20 over 5 years.
Is QQQ a good diversifier for ETR?
Yes. With a correlation of 0.03, ETR and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.03 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: ETR correlations · QQQ correlations
