QQQ vs TE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and T1 Energy Inc. (TE) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TE?
Across a 3-year window, the weekly returns of QQQ and TE correlate at 0.31, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. Stretching to 5 years gives 0.31, with an annualized covariance of 776.7 %².
Within QQQ's tracked universe of 4755 assets, TE comes in at #1442 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TE ahead by 187.6 points (+26.3% versus +213.9%). Risk is not evenly split, since TE carries 6.5 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 TE: side by side
| QQQ (Invesco QQQ Trust) | TE (T1 Energy Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +213.9% |
| 5-year return | +95.4% | -44.5% |
| Volatility (ann.) | 19.6% | 127.8% |
| Beta vs S&P 500 | 1.28 | 2.71 |
| Max drawdown (3Y) | -22.8% | -85.5% |
| Market cap | – | $1.5B |
| 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 | TE |
|---|---|---|
| 2022 | -32.6% | -22.4% |
| 2023 | +54.9% | -78.5% |
| 2024 | +25.6% | +38.0% |
| 2025 | +20.8% | +158.9% |
| 2026 | +17.7% | -25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TE?
As of 2026-08-27, the correlation of weekly returns between QQQ and TE is 0.31 over 3 years, 0.36 over 1 year and 0.31 over 5 years.
Is TE a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.31 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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-te.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-te/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TE correlations
