QQQ vs TECK: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Teck Resources Ltd (TECK) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TECK?
Over the past 3 years, QQQ and TECK moved with a correlation of 0.49, which is moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 390.1 %².
By 3-year correlation, TECK places #306 of the 4755 assets tracked against QQQ. The last year tells two different stories: TECK led by 89.1 percentage points, +26.3% for QQQ against +115.4% for TECK. Note the risk asymmetry: TECK 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 TECK: side by side
| QQQ (Invesco QQQ Trust) | TECK (Teck Resources Ltd) | |
|---|---|---|
| 1-year return | +26.3% | +115.4% |
| 5-year return | +95.4% | +233.4% |
| Volatility (ann.) | 19.6% | 40.4% |
| Beta vs S&P 500 | 1.28 | 1.47 |
| Max drawdown (3Y) | -22.8% | -46.1% |
| Market cap | – | $34.6B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.44% | 0.70% |
| 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 | TECK |
|---|---|---|
| 2022 | -32.6% | +33.8% |
| 2023 | +54.9% | +14.0% |
| 2024 | +25.6% | -2.6% |
| 2025 | +20.8% | +19.0% |
| 2026 | +17.7% | +47.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TECK good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TECK?
The QQQ/TECK correlation stands at 0.49 on a 3-year window (1 year: 0.50, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is TECK a good diversifier for QQQ?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-teck.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-teck/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TECK correlations
