EXP vs QQQ: Correlation
Eagle Materials Inc (EXP) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXP and QQQ?
On 3 years of weekly data the EXP/QQQ correlation comes out at 0.42, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.22 versus 0.42 over 3 years. The 5-year figure is 0.48, and annualized covariance runs at 282.3 %².
Among the 24 assets we track against EXP, QQQ sits near the bottom by co-movement, at rank #21. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 42.0 percentage points (-15.7% for EXP against +26.3% for QQQ). One caveat on sizing: EXP is 1.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EXP vs QQQ: side by side
| EXP (Eagle Materials Inc) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -15.7% | +26.3% |
| 5-year return | +29.5% | +95.4% |
| Volatility (ann.) | 34.8% | 19.6% |
| Beta vs S&P 500 | 1.21 | 1.28 |
| Max drawdown (3Y) | -44.7% | -22.8% |
| Market cap | $6.1B | – |
| P/E (trailing) | 15.6 | – |
| Dividend yield | 0.50% | 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 | EXP | QQQ |
|---|---|---|
| 2022 | -19.6% | -32.6% |
| 2023 | +53.6% | +54.9% |
| 2024 | +22.1% | +25.6% |
| 2025 | -15.9% | +20.8% |
| 2026 | -4.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXP and QQQ good diversifiers for each other?
Reasonably. At 0.42, EXP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXP and QQQ?
As of 2026-08-27, the correlation of weekly returns between EXP and QQQ is 0.42 over 3 years, 0.22 over 1 year and 0.48 over 5 years.
Is QQQ a good diversifier for EXP?
Reasonably. At 0.42, EXP and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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
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Related comparisons
Hubs: EXP correlations · QQQ correlations
