QQQ vs TBCH: Correlation
How closely do Invesco QQQ Trust (QQQ) and Turtle Beach Corporation (TBCH) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TBCH?
Across a 3-year window, the weekly returns of QQQ and TBCH correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.58 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.48, with an annualized covariance of 584.6 %².
Among the 4755 assets we track against QQQ, TBCH ranks #241 by 3-year correlation. The last year tells two different stories: QQQ led by 42.9 percentage points, +26.3% for QQQ against -16.6% for TBCH. Risk is not evenly split, since TBCH carries 2.9 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 TBCH: side by side
| QQQ (Invesco QQQ Trust) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -16.6% |
| 5-year return | +95.4% | -55.7% |
| Volatility (ann.) | 19.6% | 57.8% |
| Beta vs S&P 500 | 1.28 | 2.21 |
| Max drawdown (3Y) | -22.8% | -51.8% |
| Market cap | – | $0.2B |
| 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 | TBCH |
|---|---|---|
| 2022 | -32.6% | -67.8% |
| 2023 | +54.9% | +52.7% |
| 2024 | +25.6% | +58.1% |
| 2025 | +20.8% | -18.9% |
| 2026 | +17.7% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TBCH good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and TBCH?
As of 2026-08-27, the correlation of weekly returns between QQQ and TBCH is 0.52 over 3 years, 0.58 over 1 year and 0.48 over 5 years.
Is TBCH a good diversifier for QQQ?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TBCH correlations
