EVR vs QQQ: Correlation
How closely do Evercore Inc. (EVR) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVR and QQQ?
Across a 3-year window, the weekly returns of EVR and QQQ correlate at 0.55, moderate. The past 12 months show a weaker link (0.42) than the 3-year average (0.55). Stretching to 5 years gives 0.56, with an annualized covariance of 386.3 %².
By 3-year correlation, QQQ places #17 of the 22 assets tracked against EVR. The last year tells two different stories: QQQ led by 35.3 percentage points, -9.0% for EVR against +26.3% for QQQ. Note the risk asymmetry: EVR runs 1.8 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.
EVR vs QQQ: side by side
| EVR (Evercore Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -9.0% | +26.3% |
| 5-year return | +125.5% | +95.4% |
| Volatility (ann.) | 35.8% | 19.6% |
| Beta vs S&P 500 | 1.64 | 1.28 |
| Max drawdown (3Y) | -47.9% | -22.8% |
| Market cap | $11.2B | – |
| P/E (trailing) | 16.4 | – |
| Dividend yield | 1.19% | 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 | EVR | QQQ |
|---|---|---|
| 2022 | -17.6% | -32.6% |
| 2023 | +60.6% | +54.9% |
| 2024 | +64.3% | +25.6% |
| 2025 | +24.3% | +20.8% |
| 2026 | -13.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVR and QQQ good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EVR and QQQ?
The EVR/QQQ correlation stands at 0.55 on a 3-year window (1 year: 0.42, 5 years: 0.56), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EVR?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evr-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evr-vs-qqq/)
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Related comparisons
Hubs: EVR correlations · QQQ correlations
