EXE vs QQQ: Correlation
How closely do Expand Energy (EXE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.11, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXE and QQQ?
On 3 years of weekly data the EXE/QQQ correlation comes out at 0.11, weak. Lately the two have drifted apart, with the 1-year correlation at -0.23 versus 0.11 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at 61.0 %².
Within EXE's tracked universe of 32 assets, QQQ comes in at #22 by 3-year correlation. The last year tells two different stories: QQQ led by 21.1 percentage points, +5.2% for EXE against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between -0.23 and 0.50 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.
EXE vs QQQ: side by side
| EXE (Expand Energy) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +5.2% | +26.3% |
| 5-year return | +125.8% | +95.4% |
| Volatility (ann.) | 28.2% | 19.6% |
| Beta vs S&P 500 | 0.31 | 1.28 |
| Max drawdown (3Y) | -28.4% | -22.8% |
| Market cap | $22.7B | – |
| P/E (trailing) | 8.3 | – |
| Dividend yield | 3.30% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Energy | 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 | EXE | QQQ |
|---|---|---|
| 2022 | +62.3% | -32.6% |
| 2023 | -14.8% | +54.9% |
| 2024 | +33.2% | +25.6% |
| 2025 | +14.4% | +20.8% |
| 2026 | -9.6% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.11, EXE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EXE and QQQ?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with -0.23 over the last year and 0.17 over 5 years.
Is QQQ a good diversifier for EXE?
Yes. With a correlation of 0.11, EXE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
A reading of 0.11 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/exe-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/exe-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXE correlations · QQQ correlations
