EXPE vs QQQ: Correlation
How closely do Expedia Group (EXPE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPE and QQQ?
Over the past 3 years, EXPE and QQQ moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.14) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 325.3 %².
By 3-year correlation, QQQ places #22 of the 33 assets tracked against EXPE. The last year tells two different stories: EXPE led by 25.2 percentage points, +51.5% for EXPE against +26.3% for QQQ. The relationship is regime-dependent: the rolling one-year correlation swung between 0.12 and 0.65 over the past three years, so this pair behaves very differently depending on the market environment. One caveat on sizing: EXPE is 2.2 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.
EXPE vs QQQ: side by side
| EXPE (Expedia Group) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +51.5% | +26.3% |
| 5-year return | +123.9% | +95.4% |
| Volatility (ann.) | 42.7% | 19.6% |
| Beta vs S&P 500 | 1.33 | 1.28 |
| Max drawdown (3Y) | -37.4% | -22.8% |
| Market cap | $38.3B | – |
| P/E (trailing) | 21.0 | – |
| Dividend yield | 0.53% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Consumer Discretionary | 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 | EXPE | QQQ |
|---|---|---|
| 2022 | -51.5% | -32.6% |
| 2023 | +73.3% | +54.9% |
| 2024 | +22.8% | +25.6% |
| 2025 | +53.3% | +20.8% |
| 2026 | +13.1% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPE and QQQ good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EXPE and QQQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.14 over the last year and 0.48 over 5 years.
Is QQQ a good diversifier for EXPE?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 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/expe-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expe-vs-qqq/)
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Related comparisons
Hubs: EXPE correlations · QQQ correlations
