QQQ vs TATT: Correlation
How closely do Invesco QQQ Trust (QQQ) and TAT Technologies Ltd. (TATT) trade together? Their weekly returns over three years give a correlation of 0.24, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TATT?
On 3 years of weekly data the QQQ/TATT correlation comes out at 0.24, weak. The relationship has been stable: the 1-year correlation (0.23) sits close to the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 244.6 %².
By 3-year correlation, TATT places #2322 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 25.6 percentage points, +26.3% for QQQ against +0.7% for TATT. Note the risk asymmetry: TATT 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 TATT: side by side
| QQQ (Invesco QQQ Trust) | TATT (TAT Technologies Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +0.7% |
| 5-year return | +95.4% | +532.6% |
| Volatility (ann.) | 19.6% | 52.0% |
| Beta vs S&P 500 | 1.28 | 0.89 |
| Max drawdown (3Y) | -22.8% | -47.5% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | 24.6 |
| Dividend yield | 0.44% | 0.00% |
| 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 | TATT |
|---|---|---|
| 2022 | -32.6% | -16.0% |
| 2023 | +54.9% | +91.5% |
| 2024 | +25.6% | +153.0% |
| 2025 | +20.8% | +73.9% |
| 2026 | +17.7% | -16.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TATT good diversifiers for each other?
Reasonably. At 0.24, QQQ and TATT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TATT?
As of 2026-08-27, the correlation of weekly returns between QQQ and TATT is 0.24 over 3 years, 0.23 over 1 year and 0.28 over 5 years.
Is TATT a good diversifier for QQQ?
Reasonably. At 0.24, QQQ and TATT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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
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Related comparisons
Hubs: QQQ correlations · TATT correlations
