QQQ vs TENB: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tenable Holdings, Inc. (TENB) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TENB?
Over the past 3 years, QQQ and TENB moved with a correlation of 0.35, which is moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 287.6 %².
By 3-year correlation, TENB places #1051 of the 4755 assets tracked against QQQ. Neither side won the trailing year by much: +26.3% against +23.0%. Risk is not evenly split, since TENB carries 2.1 times the volatility of the other side.
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 TENB: side by side
| QQQ (Invesco QQQ Trust) | TENB (Tenable Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +23.0% |
| 5-year return | +95.4% | -16.1% |
| Volatility (ann.) | 19.6% | 41.5% |
| Beta vs S&P 500 | 1.28 | 1.04 |
| Max drawdown (3Y) | -22.8% | -69.1% |
| Market cap | – | $4.1B |
| P/E (trailing) | – | 537.4 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | TENB |
|---|---|---|
| 2022 | -32.6% | -30.7% |
| 2023 | +54.9% | +20.7% |
| 2024 | +25.6% | -14.5% |
| 2025 | +20.8% | -40.2% |
| 2026 | +17.7% | +59.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TENB good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TENB?
The QQQ/TENB correlation stands at 0.35 on a 3-year window (1 year: 0.34, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is TENB a good diversifier for QQQ?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
A reading of 0.35 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tenb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tenb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TENB correlations
