QQQ vs TDAY: Correlation
Invesco QQQ Trust (QQQ) and USA TODAY Co., Inc. (TDAY) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TDAY?
Across a 3-year window, the weekly returns of QQQ and TDAY correlate at 0.19, weak. Little has changed lately, as the 1-year reading of 0.14 lands near the 3-year figure. Stretching to 5 years gives 0.25, with an annualized covariance of 221.9 %².
Within QQQ's tracked universe of 4755 assets, TDAY comes in at #2978 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TDAY ahead by 29.8 points (+26.3% versus +56.1%). Risk is not evenly split, since TDAY carries 3.0 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 TDAY: side by side
| QQQ (Invesco QQQ Trust) | TDAY (USA TODAY Co., Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +56.1% |
| 5-year return | +95.4% | -0.3% |
| Volatility (ann.) | 19.6% | 58.6% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -22.8% | -54.6% |
| Market cap | – | $0.9B |
| 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 |
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 | TDAY |
|---|---|---|
| 2022 | -32.6% | -61.9% |
| 2023 | +54.9% | +13.3% |
| 2024 | +25.6% | +120.0% |
| 2025 | +20.8% | +1.8% |
| 2026 | +17.7% | +24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TDAY good diversifiers for each other?
Yes. With a correlation of 0.19, QQQ and TDAY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TDAY?
As of 2026-08-27, the correlation of weekly returns between QQQ and TDAY is 0.19 over 3 years, 0.14 over 1 year and 0.25 over 5 years.
Is TDAY a good diversifier for QQQ?
Yes. With a correlation of 0.19, QQQ and TDAY have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tday.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tday/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TDAY correlations
