EXPO vs QQQ: Correlation
Exponent, Inc. (EXPO) and Invesco QQQ Trust (QQQ) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXPO and QQQ?
On 3 years of weekly data the EXPO/QQQ correlation comes out at 0.29, weak. Lately the two have drifted apart, with the 1-year correlation at 0.01 versus 0.29 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 177.7 %².
Out of 13 assets tracked against EXPO, QQQ lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with QQQ ahead by 27.1 points (-0.8% versus +26.3%). One caveat on sizing: EXPO is 1.6 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.
EXPO vs QQQ: side by side
| EXPO (Exponent, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -0.8% | +26.3% |
| 5-year return | -35.2% | +95.4% |
| Volatility (ann.) | 31.7% | 19.6% |
| Beta vs S&P 500 | 0.84 | 1.28 |
| Max drawdown (3Y) | -52.4% | -22.8% |
| Market cap | $3.4B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 1.73% | 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 | EXPO | QQQ |
|---|---|---|
| 2022 | -14.3% | -32.6% |
| 2023 | -10.1% | +54.9% |
| 2024 | +2.4% | +25.6% |
| 2025 | -20.8% | +20.8% |
| 2026 | +3.4% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXPO and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EXPO and QQQ?
The EXPO/QQQ correlation stands at 0.29 on a 3-year window (1 year: 0.01, 5 years: 0.40), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for EXPO?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
A reading of 0.29 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/expo-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/expo-vs-qqq/)
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Related comparisons
Hubs: EXPO correlations · QQQ correlations
