EUDA vs QQQ: Correlation
Euda Health Holdings Limited (EUDA) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EUDA and QQQ?
Across a 3-year window, the weekly returns of EUDA and QQQ correlate at 0.09, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.13) runs below the 3-year figure (0.09). Stretching to 5 years gives 0.05, with an annualized covariance of 247.2 %².
Among the 13 assets we track against EUDA, QQQ ranks #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 93.5 points (-67.2% versus +26.3%). Note the risk asymmetry: EUDA runs 7.1 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.
EUDA vs QQQ: side by side
| EUDA (Euda Health Holdings Limited) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -67.2% | +26.3% |
| 5-year return | -92.2% | +95.4% |
| Volatility (ann.) | 139.0% | 19.6% |
| Beta vs S&P 500 | 0.75 | 1.28 |
| Max drawdown (3Y) | -95.7% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | EUDA | QQQ |
|---|---|---|
| 2022 | -83.1% | -32.6% |
| 2023 | -13.2% | +54.9% |
| 2024 | +212.9% | +25.6% |
| 2025 | -48.4% | +20.8% |
| 2026 | -67.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EUDA and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between EUDA and QQQ?
The EUDA/QQQ correlation stands at 0.09 on a 3-year window (1 year: -0.13, 5 years: 0.05), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EUDA?
By historical standards, yes. A correlation of 0.09 means the two rarely move for the same reasons.
What does a correlation of 0.09 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: EUDA correlations · QQQ correlations
