QQQ vs TCBX: Correlation
Invesco QQQ Trust (QQQ) and Third Coast Bancshares, Inc. (TCBX) show a weak relationship: their 3-year correlation of weekly returns is 0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TCBX?
Across a 3-year window, the weekly returns of QQQ and TCBX correlate at 0.27, weak. Lately the two have drifted apart, with the 1-year correlation at 0.04 versus 0.27 over 3 years. Stretching to 5 years gives 0.22, with an annualized covariance of 166.2 %².
Among the 4755 assets we track against QQQ, TCBX ranks #1917 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +12.8%, a 13.5-point spread. Note the risk asymmetry: TCBX runs 1.6 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 TCBX: side by side
| QQQ (Invesco QQQ Trust) | TCBX (Third Coast Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +12.8% |
| 5-year return | +95.4% | +80.3% |
| Volatility (ann.) | 19.6% | 31.7% |
| Beta vs S&P 500 | 1.28 | 0.88 |
| Max drawdown (3Y) | -22.8% | -28.9% |
| Market cap | – | $0.8B |
| P/E (trailing) | – | 11.0 |
| Dividend yield | 0.44% | 0.00% |
| 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 | TCBX |
|---|---|---|
| 2022 | -32.6% | -29.1% |
| 2023 | +54.9% | +7.8% |
| 2024 | +25.6% | +70.9% |
| 2025 | +20.8% | +12.0% |
| 2026 | +17.7% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TCBX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TCBX?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.04 over the last year and 0.22 over 5 years.
Is TCBX a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.27 mean?
A reading of 0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: QQQ correlations · TCBX correlations
