PLUS vs QQQ: Correlation
ePlus inc. (PLUS) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLUS and QQQ?
Across a 3-year window, the weekly returns of PLUS and QQQ correlate at 0.39, moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.39). Stretching to 5 years gives 0.41, with an annualized covariance of 250.9 %².
Among the 12 assets we track against PLUS, QQQ sits near the bottom by co-movement, at rank #9. Neither side won the trailing year by much: +22.3% against +26.3%. Risk is not evenly split, since PLUS carries 1.7 times the volatility of the other side.
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.
PLUS vs QQQ: side by side
| PLUS (ePlus inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +22.3% | +26.3% |
| 5-year return | +64.0% | +95.4% |
| Volatility (ann.) | 33.2% | 19.6% |
| Beta vs S&P 500 | 1.04 | 1.28 |
| Max drawdown (3Y) | -46.1% | -22.8% |
| Market cap | $2.3B | – |
| P/E (trailing) | 18.8 | – |
| Dividend yield | 1.18% | 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 | PLUS | QQQ |
|---|---|---|
| 2022 | -17.8% | -32.6% |
| 2023 | +80.3% | +54.9% |
| 2024 | -7.5% | +25.6% |
| 2025 | +19.4% | +20.8% |
| 2026 | +0.9% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLUS and QQQ good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PLUS and QQQ?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.15 over the last year and 0.41 over 5 years.
Is QQQ a good diversifier for PLUS?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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: PLUS correlations · QQQ correlations
