EVF vs QQQ: Correlation
How closely do Eaton Vance Senior Income Trust (EVF) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVF and QQQ?
On 3 years of weekly data the EVF/QQQ correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.51 over 1 year against 0.52 over 3. The 5-year figure is 0.40, and annualized covariance runs at 103.6 %².
By 3-year correlation, QQQ places #9 of the 14 assets tracked against EVF. The last year tells two different stories: QQQ led by 29.3 percentage points, -3.0% for EVF against +26.3% for QQQ. Risk is not evenly split, since QQQ carries 1.9 times the volatility of the other side.
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.
EVF vs QQQ: side by side
| EVF (Eaton Vance Senior Income Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -3.0% | +26.3% |
| 5-year return | +15.0% | +95.4% |
| Volatility (ann.) | 10.2% | 19.6% |
| Beta vs S&P 500 | 0.41 | 1.28 |
| Max drawdown (3Y) | -16.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 24.7 | – |
| 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 | EVF | QQQ |
|---|---|---|
| 2022 | -14.8% | -32.6% |
| 2023 | +34.5% | +54.9% |
| 2024 | +7.3% | +25.6% |
| 2025 | -6.1% | +20.8% |
| 2026 | -0.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVF and QQQ good diversifiers for each other?
Only partially. A correlation of 0.52 means EVF and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EVF and QQQ?
As of 2026-08-27, the correlation of weekly returns between EVF and QQQ is 0.52 over 3 years, 0.51 over 1 year and 0.40 over 5 years.
Is QQQ a good diversifier for EVF?
Only partially. A correlation of 0.52 means EVF and QQQ share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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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Related comparisons
Hubs: EVF correlations · QQQ correlations
