QQQ vs TEAD: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Te (TEAD) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TEAD?
Across a 3-year window, the weekly returns of QQQ and TEAD correlate at 0.27, weak. Lately the two have moved closer together, with the 1-year correlation at 0.41 versus 0.27 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 382.7 %².
Within QQQ's tracked universe of 4755 assets, TEAD comes in at #1918 by 3-year correlation. The last year tells two different stories: QQQ led by 99.9 percentage points, +26.3% for QQQ against -73.6% for TEAD. Risk is not evenly split, since TEAD carries 3.6 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 TEAD: side by side
| QQQ (Invesco QQQ Trust) | TEAD (Te) | |
|---|---|---|
| 1-year return | +26.3% | -73.6% |
| 5-year return | +95.4% | -97.2% |
| Volatility (ann.) | 19.6% | 71.3% |
| Beta vs S&P 500 | 1.28 | 1.33 |
| Max drawdown (3Y) | -22.8% | -93.8% |
| Market cap | – | – |
| 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 | TEAD |
|---|---|---|
| 2022 | -32.6% | -74.1% |
| 2023 | +54.9% | +21.0% |
| 2024 | +25.6% | +63.9% |
| 2025 | +20.8% | -90.2% |
| 2026 | +17.7% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TEAD good diversifiers for each other?
Reasonably. At 0.27, QQQ and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TEAD?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.41 over the last year and 0.36 over 5 years.
Is TEAD a good diversifier for QQQ?
Reasonably. At 0.27, QQQ and TEAD keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.27 mean?
On the −1 to +1 scale, 0.27 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-tead.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tead/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TEAD correlations
