QQQ vs TAP: Correlation
Invesco QQQ Trust (QQQ) and Molson Coors Beverage Company (TAP) show a near-zero relationship: their 3-year correlation of weekly returns is -0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TAP?
Across a 3-year window, the weekly returns of QQQ and TAP correlate at -0.03, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.20) runs below the 3-year figure (-0.03). Stretching to 5 years gives 0.13, with an annualized covariance of -14.2 %².
Among the 4755 assets we track against QQQ, TAP ranks #4592 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 41.3 percentage points (+26.3% for QQQ against -15.0% for TAP). This link changes with the market regime, having swung between -0.31 and 0.22 on a rolling one-year basis.
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 TAP: side by side
| QQQ (Invesco QQQ Trust) | TAP (Molson Coors Beverage Company) | |
|---|---|---|
| 1-year return | +26.3% | -15.0% |
| 5-year return | +95.4% | +3.9% |
| Volatility (ann.) | 19.6% | 23.9% |
| Beta vs S&P 500 | 1.28 | 0.15 |
| Max drawdown (3Y) | -22.8% | -38.8% |
| Market cap | – | $7.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 4.51% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Staples |
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 | TAP |
|---|---|---|
| 2022 | -32.6% | +14.4% |
| 2023 | +54.9% | +22.2% |
| 2024 | +25.6% | -3.4% |
| 2025 | +20.8% | -15.5% |
| 2026 | +17.7% | -8.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TAP good diversifiers for each other?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TAP?
Using weekly returns as of 2026-08-27: -0.03 over 3 years, with -0.20 over the last year and 0.13 over 5 years.
Is TAP a good diversifier for QQQ?
Yes: at -0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.03 mean?
On the −1 to +1 scale, -0.03 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tap/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TAP correlations
