KODK vs QQQ: Correlation
How closely do Eastman Kodak Company Common New (KODK) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KODK and QQQ?
Across a 3-year window, the weekly returns of KODK and QQQ correlate at 0.31, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.10 versus 0.31 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 414.2 %².
Among the 12 assets we track against KODK, QQQ sits near the bottom by co-movement, at rank #8. The last year tells two different stories: KODK led by 35.3 percentage points, +61.6% for KODK against +26.3% for QQQ. One caveat on sizing: KODK is 3.5 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.
KODK vs QQQ: side by side
| KODK (Eastman Kodak Company Common New) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +61.6% | +26.3% |
| 5-year return | +31.0% | +95.4% |
| Volatility (ann.) | 68.0% | 19.6% |
| Beta vs S&P 500 | 1.59 | 1.28 |
| Max drawdown (3Y) | -47.2% | -22.8% |
| Market cap | $0.9B | – |
| 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 | KODK | QQQ |
|---|---|---|
| 2022 | -34.8% | -32.6% |
| 2023 | +27.9% | +54.9% |
| 2024 | +68.5% | +25.6% |
| 2025 | +28.8% | +20.8% |
| 2026 | +11.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KODK and QQQ good diversifiers for each other?
Reasonably. At 0.31, KODK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KODK and QQQ?
As of 2026-08-27, the correlation of weekly returns between KODK and QQQ is 0.31 over 3 years, 0.10 over 1 year and 0.36 over 5 years.
Is QQQ a good diversifier for KODK?
Reasonably. At 0.31, KODK and QQQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: KODK correlations · QQQ correlations
