EXPD vs QQQ: Correlation
How closely do Expeditors International (EXPD) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPD and QQQ?
Over the past 3 years, EXPD and QQQ moved with a correlation of 0.32, which is moderate. The link has loosened recently: the 1-year correlation (0.16) runs below the 3-year figure (0.32). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 150.0 %².
By 3-year correlation, QQQ places #23 of the 33 assets tracked against EXPD. Correlation aside, the last 12 months split them widely, with EXPD ahead by 31.2 points (+57.5% versus +26.3%). This link changes with the market regime, having swung between 0.16 and 0.69 on a rolling one-year basis.
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.
EXPD vs QQQ: side by side
| EXPD (Expeditors International) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +57.5% | +26.3% |
| 5-year return | +60.9% | +95.4% |
| Volatility (ann.) | 24.2% | 19.6% |
| Beta vs S&P 500 | 0.65 | 1.28 |
| Max drawdown (3Y) | -21.3% | -22.8% |
| Market cap | $24.8B | – |
| P/E (trailing) | 27.7 | – |
| Dividend yield | 0.83% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Industrials | 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 | EXPD | QQQ |
|---|---|---|
| 2022 | -21.7% | -32.6% |
| 2023 | +23.9% | +54.9% |
| 2024 | -11.9% | +25.6% |
| 2025 | +36.2% | +20.8% |
| 2026 | +28.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPD and QQQ good diversifiers for each other?
Reasonably. At 0.32, EXPD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EXPD and QQQ?
The EXPD/QQQ correlation stands at 0.32 on a 3-year window (1 year: 0.16, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EXPD?
Reasonably. At 0.32, EXPD and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.32 mean?
A reading of 0.32 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/expd-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expd-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EXPD correlations · QQQ correlations
