EVGN vs QQQ: Correlation
How closely do Evogene Ltd. (EVGN) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.20, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVGN and QQQ?
Over the past 3 years, EVGN and QQQ moved with a correlation of 0.20, which is weak. Little has changed lately, as the 1-year reading of 0.18 lands near the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 277.3 %².
Among the 10 assets we track against EVGN, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 85.2 percentage points, -58.9% for EVGN against +26.3% for QQQ. Risk is not evenly split, since EVGN carries 3.7 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.
EVGN vs QQQ: side by side
| EVGN (Evogene Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -58.9% | +26.3% |
| 5-year return | -97.9% | +95.4% |
| Volatility (ann.) | 71.8% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -96.0% | -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 | EVGN | QQQ |
|---|---|---|
| 2022 | -57.3% | -32.6% |
| 2023 | +20.0% | +54.9% |
| 2024 | -77.7% | +25.6% |
| 2025 | -41.2% | +20.8% |
| 2026 | -51.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVGN and QQQ good diversifiers for each other?
Reasonably. At 0.20, EVGN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVGN and QQQ?
The EVGN/QQQ correlation stands at 0.20 on a 3-year window (1 year: 0.18, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EVGN?
Reasonably. At 0.20, EVGN and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.20 mean?
A reading of 0.20 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
$ curl https://www.pairbook.io/api/v1/pairs/evgn-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evgn-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVGN correlations · QQQ correlations
