QQQ vs TEL: Correlation
Invesco QQQ Trust (QQQ) and TE Connectivity (TEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TEL?
On 3 years of weekly data the QQQ/TEL correlation comes out at 0.59, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.45 versus 0.59 over 3 years. The 5-year figure is 0.65, and annualized covariance runs at 331.6 %².
By 3-year correlation, TEL places #148 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 27.4 percentage points (+26.3% for QQQ against -1.1% for TEL). Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.81.
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 TEL: side by side
| QQQ (Invesco QQQ Trust) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +26.3% | -1.1% |
| 5-year return | +95.4% | +43.7% |
| Volatility (ann.) | 19.6% | 28.8% |
| Beta vs S&P 500 | 1.28 | 1.32 |
| Max drawdown (3Y) | -22.8% | -22.6% |
| Market cap | – | $58.8B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.44% | 1.42% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Information Technology |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TEL |
|---|---|---|
| 2022 | -32.6% | -27.7% |
| 2023 | +54.9% | +24.6% |
| 2024 | +25.6% | +3.5% |
| 2025 | +20.8% | +61.1% |
| 2026 | +17.7% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TEL good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and TEL?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.45 over the last year and 0.65 over 5 years.
Is TEL a good diversifier for QQQ?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TEL correlations
