QQQ vs TCI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Transcontinental Realty Investors, Inc. (TCI) trade together? Their weekly returns over three years give a correlation of 0.03, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TCI?
Over the past 3 years, QQQ and TCI moved with a correlation of 0.03, which is near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.22 versus 0.03 over 3 years. Over 5 years the correlation is 0.03, and the annualized covariance of weekly returns is 27.9 %².
By 3-year correlation, TCI places #4341 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 41.6 percentage points, +26.3% for QQQ against -15.3% for TCI. Risk is not evenly split, since TCI carries 2.3 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 TCI: side by side
| QQQ (Invesco QQQ Trust) | TCI (Transcontinental Realty Investors, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -15.3% |
| 5-year return | +95.4% | +9.7% |
| Volatility (ann.) | 19.6% | 44.2% |
| Beta vs S&P 500 | 1.28 | 0.28 |
| Max drawdown (3Y) | -22.8% | -43.8% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 41.9 |
| 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 | TCI |
|---|---|---|
| 2022 | -32.6% | +13.0% |
| 2023 | +54.9% | -21.8% |
| 2024 | +25.6% | -13.7% |
| 2025 | +20.8% | +96.6% |
| 2026 | +17.7% | -32.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TCI good diversifiers for each other?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TCI?
The QQQ/TCI correlation stands at 0.03 on a 3-year window (1 year: -0.22, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is TCI a good diversifier for QQQ?
Yes: at 0.03, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.03 mean?
On the −1 to +1 scale, 0.03 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.
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Related comparisons
Hubs: QQQ correlations · TCI correlations
