EVTC vs QQQ: Correlation
How closely do Evertec, Inc. (EVTC) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTC and QQQ?
Over the past 3 years, EVTC and QQQ moved with a correlation of 0.21, which is weak. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.21). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 131.5 %².
Out of 10 assets tracked against EVTC, QQQ lands near the bottom at #7. The last year tells two different stories: QQQ led by 45.0 percentage points, -18.7% for EVTC against +26.3% for QQQ. Risk is not evenly split, since EVTC carries 1.6 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.
EVTC vs QQQ: side by side
| EVTC (Evertec, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -18.7% | +26.3% |
| 5-year return | -34.3% | +95.4% |
| Volatility (ann.) | 31.3% | 19.6% |
| Beta vs S&P 500 | 0.68 | 1.28 |
| Max drawdown (3Y) | -46.4% | -22.8% |
| Market cap | $1.8B | – |
| P/E (trailing) | 19.4 | – |
| Dividend yield | 0.67% | 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 | EVTC | QQQ |
|---|---|---|
| 2022 | -34.9% | -32.6% |
| 2023 | +27.1% | +54.9% |
| 2024 | -15.2% | +25.6% |
| 2025 | -15.4% | +20.8% |
| 2026 | +1.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTC and QQQ good diversifiers for each other?
Reasonably. At 0.21, EVTC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EVTC and QQQ?
The EVTC/QQQ correlation stands at 0.21 on a 3-year window (1 year: 0.09, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EVTC?
Reasonably. At 0.21, EVTC and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evtc-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evtc-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EVTC correlations · QQQ correlations
