EYE vs QQQ: Correlation
How closely do National Vision Holdings, Inc. (EYE) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EYE and QQQ?
Across a 3-year window, the weekly returns of EYE and QQQ correlate at 0.18, weak. Recent behaviour matches the longer record: 0.08 over 1 year against 0.18 over 3. Stretching to 5 years gives 0.26, with an annualized covariance of 187.7 %².
Among the 10 assets we track against EYE, QQQ sits near the bottom by co-movement, at rank #7. The last year tells two different stories: QQQ led by 53.0 percentage points, -26.7% for EYE against +26.3% for QQQ. Note the risk asymmetry: EYE runs 2.7 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.
EYE vs QQQ: side by side
| EYE (National Vision Holdings, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -26.7% | +26.3% |
| 5-year return | -69.8% | +95.4% |
| Volatility (ann.) | 52.1% | 19.6% |
| Beta vs S&P 500 | 0.86 | 1.28 |
| Max drawdown (3Y) | -59.3% | -22.8% |
| Market cap | $1.4B | – |
| P/E (trailing) | 30.3 | – |
| 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 | EYE | QQQ |
|---|---|---|
| 2022 | -19.2% | -32.6% |
| 2023 | -46.0% | +54.9% |
| 2024 | -50.2% | +25.6% |
| 2025 | +147.8% | +20.8% |
| 2026 | -30.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EYE and QQQ good diversifiers for each other?
Yes. With a correlation of 0.18, EYE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EYE and QQQ?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.08 over the last year and 0.26 over 5 years.
Is QQQ a good diversifier for EYE?
Yes. With a correlation of 0.18, EYE and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eye-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eye-vs-qqq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EYE correlations · QQQ correlations
