QQQ vs TASK: Correlation
How closely do Invesco QQQ Trust (QQQ) and TaskUs, Inc. (TASK) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TASK?
On 3 years of weekly data the QQQ/TASK correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.30 over 3. The 5-year figure is 0.42, and annualized covariance runs at 342.8 %².
By 3-year correlation, TASK places #1538 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 53.9 percentage points (+26.3% for QQQ against -27.6% for TASK). One caveat on sizing: TASK is 3.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TASK: side by side
| QQQ (Invesco QQQ Trust) | TASK (TaskUs, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -27.6% |
| 5-year return | +95.4% | -78.6% |
| Volatility (ann.) | 19.6% | 58.0% |
| Beta vs S&P 500 | 1.28 | 1.30 |
| Max drawdown (3Y) | -22.8% | -63.0% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 6.7 |
| 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 | TASK |
|---|---|---|
| 2022 | -32.6% | -68.7% |
| 2023 | +54.9% | -22.7% |
| 2024 | +25.6% | +29.6% |
| 2025 | +20.8% | -30.4% |
| 2026 | +17.7% | +6.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TASK good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TASK?
The QQQ/TASK correlation stands at 0.30 on a 3-year window (1 year: 0.34, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is TASK a good diversifier for QQQ?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 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-task.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-task/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TASK correlations
