QQQ vs TECX: Correlation
Invesco QQQ Trust (QQQ) and Tectonic Therapeutic, Inc. (TECX) show a near-zero relationship: their 3-year correlation of weekly returns is 0.00.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TECX?
Across a 3-year window, the weekly returns of QQQ and TECX correlate at 0.00, near zero, meaning they move largely independently. Recent behaviour matches the longer record: -0.01 over 1 year against 0.00 over 3. Stretching to 5 years gives 0.04, with an annualized covariance of 59.1 %².
By 3-year correlation, TECX places #4487 of the 4755 assets tracked against QQQ. Over the last 12 months TECX came out ahead by 11.9 percentage points (+26.3% against +38.2%). Note the risk asymmetry: TECX runs 32.0 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 TECX: side by side
| QQQ (Invesco QQQ Trust) | TECX (Tectonic Therapeutic, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +38.2% |
| 5-year return | +95.4% | -52.9% |
| Volatility (ann.) | 19.6% | 628.0% |
| Beta vs S&P 500 | 1.28 | 0.20 |
| Max drawdown (3Y) | -22.8% | -92.8% |
| Market cap | – | $0.7B |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TECX |
|---|---|---|
| 2022 | -32.6% | -81.6% |
| 2023 | +54.9% | +91.5% |
| 2024 | +25.6% | +182.9% |
| 2025 | +20.8% | -54.8% |
| 2026 | +17.7% | +75.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TECX good diversifiers for each other?
Yes. With a correlation of 0.00, QQQ and TECX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TECX?
The QQQ/TECX correlation stands at 0.00 on a 3-year window (1 year: -0.01, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is TECX a good diversifier for QQQ?
Yes. With a correlation of 0.00, QQQ and TECX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.00 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-tecx.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-tecx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TECX correlations
