EVRG vs QQQ: Correlation
How closely do Evergy (EVRG) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVRG and QQQ?
Across a 3-year window, the weekly returns of EVRG and QQQ correlate at -0.04, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.16) runs below the 3-year figure (-0.04). Stretching to 5 years gives 0.14, with an annualized covariance of -12.6 %².
Within EVRG's tracked universe of 44 assets, QQQ comes in at #34 by 3-year correlation. Over the last 12 months QQQ came out ahead by 9.4 percentage points (+16.9% against +26.3%). The relationship is regime-dependent: the rolling one-year correlation swung between -0.33 and 0.24 over the past three years, so this pair behaves very differently depending on the market environment.
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.
EVRG vs QQQ: side by side
| EVRG (Evergy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +16.9% | +26.3% |
| 5-year return | +46.3% | +95.4% |
| Volatility (ann.) | 17.9% | 19.6% |
| Beta vs S&P 500 | 0.13 | 1.28 |
| Max drawdown (3Y) | -15.8% | -22.8% |
| Market cap | $18.8B | – |
| P/E (trailing) | 20.9 | – |
| Dividend yield | 3.35% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Utilities | 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 | EVRG | QQQ |
|---|---|---|
| 2022 | -4.9% | -32.6% |
| 2023 | -13.3% | +54.9% |
| 2024 | +23.4% | +25.6% |
| 2025 | +22.4% | +20.8% |
| 2026 | +15.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVRG and QQQ good diversifiers for each other?
By historical standards, yes. A correlation of -0.04 means the two rarely move for the same reasons.
FAQ
What is the correlation between EVRG and QQQ?
The EVRG/QQQ correlation stands at -0.04 on a 3-year window (1 year: -0.16, 5 years: 0.14), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EVRG?
By historical standards, yes. A correlation of -0.04 means the two rarely move for the same reasons.
What does a correlation of -0.04 mean?
On the −1 to +1 scale, -0.04 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: EVRG correlations · QQQ correlations
