QQQ vs TAC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TransAlta Corporation (TAC) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TAC?
Across a 3-year window, the weekly returns of QQQ and TAC correlate at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 229.3 %².
Within QQQ's tracked universe of 4755 assets, TAC comes in at #1342 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 22.0 percentage points (+26.3% for QQQ against +4.3% for TAC). Note the risk asymmetry: TAC runs 1.8 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.
QQQ vs TAC: side by side
| QQQ (Invesco QQQ Trust) | TAC (TransAlta Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +4.3% |
| 5-year return | +95.4% | +36.9% |
| Volatility (ann.) | 19.6% | 36.2% |
| Beta vs S&P 500 | 1.28 | 0.84 |
| Max drawdown (3Y) | -22.8% | -43.3% |
| Market cap | – | $4.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 2.10% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TAC |
|---|---|---|
| 2022 | -32.6% | -18.0% |
| 2023 | +54.9% | -5.6% |
| 2024 | +25.6% | +74.0% |
| 2025 | +20.8% | -9.5% |
| 2026 | +17.7% | -0.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TAC good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TAC?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.29 over the last year and 0.32 over 5 years.
Is TAC a good diversifier for QQQ?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/qqq-vs-tac.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tac/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TAC correlations
