QQQ vs TCBK: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TriCo Bancshares (TCBK) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TCBK?
Across a 3-year window, the weekly returns of QQQ and TCBK correlate at 0.24, weak. The link has loosened recently: the 1-year correlation (-0.02) runs below the 3-year figure (0.24). Stretching to 5 years gives 0.20, with an annualized covariance of 137.2 %².
By 3-year correlation, TCBK places #2324 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +21.9%.
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 TCBK: side by side
| QQQ (Invesco QQQ Trust) | TCBK (TriCo Bancshares) | |
|---|---|---|
| 1-year return | +26.3% | +21.9% |
| 5-year return | +95.4% | +59.3% |
| Volatility (ann.) | 19.6% | 29.1% |
| Beta vs S&P 500 | 1.28 | 0.76 |
| Max drawdown (3Y) | -22.8% | -27.9% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 13.0 |
| Dividend yield | 0.44% | 2.66% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TCBK |
|---|---|---|
| 2022 | -32.6% | +21.5% |
| 2023 | +54.9% | -13.0% |
| 2024 | +25.6% | +5.1% |
| 2025 | +20.8% | +11.9% |
| 2026 | +17.7% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TCBK good diversifiers for each other?
Reasonably. At 0.24, QQQ and TCBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TCBK?
As of 2026-08-27, the correlation of weekly returns between QQQ and TCBK is 0.24 over 3 years, -0.02 over 1 year and 0.20 over 5 years.
Is TCBK a good diversifier for QQQ?
Reasonably. At 0.24, QQQ and TCBK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.24 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tcbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tcbk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TCBK correlations
