EVC vs QQQ: Correlation
Measured on weekly returns over the past three years, Entravision Communications Corporation (EVC) and Invesco QQQ Trust (QQQ) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and QQQ?
Across a 3-year window, the weekly returns of EVC and QQQ correlate at 0.19, weak. Recent behaviour matches the longer record: 0.20 over 1 year against 0.19 over 3. Stretching to 5 years gives 0.26, with an annualized covariance of 301.1 %².
Within EVC's tracked universe of 19 assets, QQQ comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EVC outperformed by 205.8 percentage points (+232.1% for EVC against +26.3% for QQQ). One caveat on sizing: EVC is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EVC vs QQQ: side by side
| EVC (Entravision Communications Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +232.1% | +26.3% |
| 5-year return | +53.1% | +95.4% |
| Volatility (ann.) | 82.5% | 19.6% |
| Beta vs S&P 500 | 0.94 | 1.28 |
| Max drawdown (3Y) | -67.4% | -22.8% |
| Market cap | $0.7B | – |
| P/E (trailing) | 404.5 | – |
| Dividend yield | 2.50% | 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 | EVC | QQQ |
|---|---|---|
| 2022 | -27.8% | -32.6% |
| 2023 | -9.2% | +54.9% |
| 2024 | -37.6% | +25.6% |
| 2025 | +35.8% | +20.8% |
| 2026 | +182.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVC and QQQ?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.20 over the last year and 0.26 over 5 years.
Is QQQ a good diversifier for EVC?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 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
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[](https://www.pairbook.io/pair/evc-vs-qqq/)
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Related comparisons
Hubs: EVC correlations · QQQ correlations
