EVER vs QQQ: Correlation
Measured on weekly returns over the past three years, EverQuote, Inc. (EVER) and Invesco QQQ Trust (QQQ) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVER and QQQ?
On 3 years of weekly data the EVER/QQQ correlation comes out at 0.23, weak. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 278.6 %².
Among the 11 assets we track against EVER, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: QQQ led by 21.5 percentage points, +4.8% for EVER against +26.3% for QQQ. One caveat on sizing: EVER is 3.1 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.
EVER vs QQQ: side by side
| EVER (EverQuote, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +4.8% | +26.3% |
| 5-year return | +31.1% | +95.4% |
| Volatility (ann.) | 60.8% | 19.6% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -52.0% | -22.8% |
| Market cap | $0.9B | – |
| P/E (trailing) | 8.5 | – |
| 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 | EVER | QQQ |
|---|---|---|
| 2022 | -5.9% | -32.6% |
| 2023 | -17.0% | +54.9% |
| 2024 | +63.3% | +25.6% |
| 2025 | +35.1% | +20.8% |
| 2026 | -8.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVER and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVER and QQQ?
The EVER/QQQ correlation stands at 0.23 on a 3-year window (1 year: 0.27, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EVER?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
On the −1 to +1 scale, 0.23 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.
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Related comparisons
Hubs: EVER correlations · QQQ correlations
