QQQ vs TEN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tsakos Energy Navigation Ltd (TEN) trade together? Their weekly returns over three years give a correlation of 0.25, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TEN?
Over the past 3 years, QQQ and TEN moved with a correlation of 0.25, which is weak. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.25). Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 176.7 %².
By 3-year correlation, TEN places #2185 of the 4755 assets tracked against QQQ. The last year tells two different stories: TEN led by 71.9 percentage points, +26.3% for QQQ against +98.2% for TEN. Note the risk asymmetry: TEN runs 1.9 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 TEN: side by side
| QQQ (Invesco QQQ Trust) | TEN (Tsakos Energy Navigation Ltd) | |
|---|---|---|
| 1-year return | +26.3% | +98.2% |
| 5-year return | +95.4% | +584.9% |
| Volatility (ann.) | 19.6% | 36.7% |
| Beta vs S&P 500 | 1.28 | 0.66 |
| Max drawdown (3Y) | -22.8% | -52.6% |
| Market cap | – | $1.3B |
| P/E (trailing) | – | 6.6 |
| 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 | TEN |
|---|---|---|
| 2022 | -32.6% | +138.5% |
| 2023 | +54.9% | +38.1% |
| 2024 | +25.6% | -16.0% |
| 2025 | +20.8% | +33.1% |
| 2026 | +17.7% | +92.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TEN good diversifiers for each other?
Reasonably. At 0.25, QQQ and TEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TEN?
As of 2026-08-27, the correlation of weekly returns between QQQ and TEN is 0.25 over 3 years, 0.13 over 1 year and 0.12 over 5 years.
Is TEN a good diversifier for QQQ?
Reasonably. At 0.25, QQQ and TEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.25 mean?
On the −1 to +1 scale, 0.25 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-ten.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-ten/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TEN correlations
