ETSY vs QQQ: Correlation
Measured on weekly returns over the past three years, Etsy, Inc. (ETSY) and Invesco QQQ Trust (QQQ) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETSY and QQQ?
Across a 3-year window, the weekly returns of ETSY and QQQ correlate at 0.26, weak. The past 12 months show a tighter link (0.39) than the 3-year average (0.26). Stretching to 5 years gives 0.45, with an annualized covariance of 236.2 %².
QQQ is close to the least connected end of ETSY's tracked universe, ranking #9 of 12. Their recent paths diverged sharply: over the last 12 months ETSY outperformed by 26.1 percentage points (+52.4% for ETSY against +26.3% for QQQ). Note the risk asymmetry: ETSY runs 2.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ETSY vs QQQ: side by side
| ETSY (Etsy, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +52.4% | +26.3% |
| 5-year return | -61.9% | +95.4% |
| Volatility (ann.) | 46.0% | 19.6% |
| Beta vs S&P 500 | 0.98 | 1.28 |
| Max drawdown (3Y) | -53.1% | -22.8% |
| Market cap | $7.6B | – |
| P/E (trailing) | 25.8 | – |
| 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 | ETSY | QQQ |
|---|---|---|
| 2022 | -45.3% | -32.6% |
| 2023 | -32.3% | +54.9% |
| 2024 | -34.7% | +25.6% |
| 2025 | +4.8% | +20.8% |
| 2026 | +49.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETSY and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ETSY and QQQ?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.39 over the last year and 0.45 over 5 years.
Is QQQ a good diversifier for ETSY?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 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.
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Related comparisons
Hubs: ETSY correlations · QQQ correlations
