QQQ vs TECH: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Bio-Techne (TECH) carry a correlation of 0.23, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TECH?
Over the past 3 years, QQQ and TECH moved with a correlation of 0.23, which is weak. The link has loosened recently: the 1-year correlation (0.08) runs below the 3-year figure (0.23). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 190.7 %².
By 3-year correlation, TECH places #2449 of the 4755 assets tracked against QQQ. Their 12-month results are close: +26.3% for QQQ against +29.6% for TECH. Across three years, the rolling one-year figure varied moderately, from 0.07 to 0.48. Note the risk asymmetry: TECH runs 2.1 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 TECH: side by side
| QQQ (Invesco QQQ Trust) | TECH (Bio-Techne) | |
|---|---|---|
| 1-year return | +26.3% | +29.6% |
| 5-year return | +95.4% | -41.4% |
| Volatility (ann.) | 19.6% | 41.9% |
| Beta vs S&P 500 | 1.28 | 0.90 |
| Max drawdown (3Y) | -22.8% | -48.1% |
| Market cap | – | $11.4B |
| P/E (trailing) | – | 62.5 |
| Dividend yield | 0.44% | 0.44% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Health Care |
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 | TECH |
|---|---|---|
| 2022 | -32.6% | -35.7% |
| 2023 | +54.9% | -6.5% |
| 2024 | +25.6% | -6.2% |
| 2025 | +20.8% | -17.9% |
| 2026 | +17.7% | +23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TECH good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TECH?
The QQQ/TECH correlation stands at 0.23 on a 3-year window (1 year: 0.08, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TECH a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.23 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.23 mean?
A reading of 0.23 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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Related comparisons
Hubs: QQQ correlations · TECH correlations
