EXK vs QQQ: Correlation
Endeavour Silver Corporation (EXK) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXK and QQQ?
Over the past 3 years, EXK and QQQ moved with a correlation of 0.36, which is moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.36). Over 5 years the correlation is 0.30, and the annualized covariance of weekly returns is 516.9 %².
Among the 16 assets we track against EXK, QQQ sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months EXK outperformed by 63.9 percentage points (+90.2% for EXK against +26.3% for QQQ). Note the risk asymmetry: EXK runs 3.8 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.
EXK vs QQQ: side by side
| EXK (Endeavour Silver Corporation) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +90.2% | +26.3% |
| 5-year return | +146.7% | +95.4% |
| Volatility (ann.) | 74.1% | 19.6% |
| Beta vs S&P 500 | 1.93 | 1.28 |
| Max drawdown (3Y) | -51.3% | -22.8% |
| Market cap | $3.3B | – |
| P/E (trailing) | 53.8 | – |
| 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 | EXK | QQQ |
|---|---|---|
| 2022 | -23.2% | -32.6% |
| 2023 | -39.2% | +54.9% |
| 2024 | +85.8% | +25.6% |
| 2025 | +156.8% | +20.8% |
| 2026 | +20.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXK and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXK and QQQ?
As of 2026-08-27, the correlation of weekly returns between EXK and QQQ is 0.36 over 3 years, 0.49 over 1 year and 0.30 over 5 years.
Is QQQ a good diversifier for EXK?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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: EXK correlations · QQQ correlations
