EZGO vs QQQ: Correlation
EZGO Technologies Ltd. (EZGO) and Invesco QQQ Trust (QQQ) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZGO and QQQ?
On 3 years of weekly data the EZGO/QQQ correlation comes out at 0.09, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.02) sits close to the 3-year figure. The 5-year figure is 0.12, and annualized covariance runs at 216.0 %².
Among the 12 assets we track against EZGO, QQQ ranks #7 by 3-year correlation. The last year tells two different stories: QQQ led by 126.2 percentage points, -99.9% for EZGO against +26.3% for QQQ. Note the risk asymmetry: EZGO runs 6.1 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.
EZGO vs QQQ: side by side
| EZGO (EZGO Technologies Ltd.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -99.9% | +26.3% |
| 5-year return | -100.0% | +95.4% |
| Volatility (ann.) | 118.7% | 19.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -100.0% | -22.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| 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 | EZGO | QQQ |
|---|---|---|
| 2022 | -55.2% | -32.6% |
| 2023 | -82.8% | +54.9% |
| 2024 | -82.2% | +25.6% |
| 2025 | -90.3% | +20.8% |
| 2026 | -99.7% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZGO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.09, EZGO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EZGO and QQQ?
As of 2026-08-27, the correlation of weekly returns between EZGO and QQQ is 0.09 over 3 years, 0.02 over 1 year and 0.12 over 5 years.
Is QQQ a good diversifier for EZGO?
Yes. With a correlation of 0.09, EZGO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
On the −1 to +1 scale, 0.09 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.
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Related comparisons
Hubs: EZGO correlations · QQQ correlations
