QQQ vs TARS: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tarsus Pharmaceuticals, Inc. (TARS) trade together? Their weekly returns over three years give a correlation of 0.15, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TARS?
Across a 3-year window, the weekly returns of QQQ and TARS correlate at 0.15, weak. The past 12 months show a weaker link (-0.04) than the 3-year average (0.15). Stretching to 5 years gives 0.16, with an annualized covariance of 159.4 %².
Among the 4755 assets we track against QQQ, TARS ranks #3401 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +24.4% for TARS. Note the risk asymmetry: TARS runs 2.7 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 TARS: side by side
| QQQ (Invesco QQQ Trust) | TARS (Tarsus Pharmaceuticals, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +24.4% |
| 5-year return | +95.4% | +171.4% |
| Volatility (ann.) | 19.6% | 53.2% |
| Beta vs S&P 500 | 1.28 | 0.51 |
| Max drawdown (3Y) | -22.8% | -45.1% |
| Market cap | – | $3.2B |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TARS |
|---|---|---|
| 2022 | -32.6% | -34.8% |
| 2023 | +54.9% | +38.1% |
| 2024 | +25.6% | +173.4% |
| 2025 | +20.8% | +47.9% |
| 2026 | +17.7% | -12.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TARS good diversifiers for each other?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TARS?
As of 2026-08-27, the correlation of weekly returns between QQQ and TARS is 0.15 over 3 years, -0.04 over 1 year and 0.16 over 5 years.
Is TARS a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.15 means the two rarely move for the same reasons.
What does a correlation of 0.15 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: QQQ correlations · TARS correlations
