QQQ vs TANH: Correlation
Invesco QQQ Trust (QQQ) and Tantech Holdings Ltd. - Class A (TANH) show a weak relationship: their 3-year correlation of weekly returns is 0.13.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TANH?
Across a 3-year window, the weekly returns of QQQ and TANH correlate at 0.13, weak. Little has changed lately, as the 1-year reading of 0.16 lands near the 3-year figure. Stretching to 5 years gives 0.14, with an annualized covariance of 270.3 %².
By 3-year correlation, TANH places #3591 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 107.3 percentage points (+26.3% for QQQ against -81.0% for TANH). Risk is not evenly split, since TANH carries 5.3 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.
QQQ vs TANH: side by side
| QQQ (Invesco QQQ Trust) | TANH (Tantech Holdings Ltd. - Class A) | |
|---|---|---|
| 1-year return | +26.3% | -81.0% |
| 5-year return | +95.4% | -100.0% |
| Volatility (ann.) | 19.6% | 104.0% |
| Beta vs S&P 500 | 1.28 | 1.09 |
| Max drawdown (3Y) | -22.8% | -99.7% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | QQQ | TANH |
|---|---|---|
| 2022 | -32.6% | -98.1% |
| 2023 | +54.9% | -44.7% |
| 2024 | +25.6% | -82.3% |
| 2025 | +20.8% | -88.2% |
| 2026 | +17.7% | -62.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TANH good diversifiers for each other?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TANH?
As of 2026-08-27, the correlation of weekly returns between QQQ and TANH is 0.13 over 3 years, 0.16 over 1 year and 0.14 over 5 years.
Is TANH a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.13 means the two rarely move for the same reasons.
What does a correlation of 0.13 mean?
A reading of 0.13 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · TANH correlations
