QQQ vs TENX: Correlation
Invesco QQQ Trust (QQQ) and Tenax Therapeutics, Inc. (TENX) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TENX?
On 3 years of weekly data the QQQ/TENX correlation comes out at 0.09, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.01 lands near the 3-year figure. The 5-year figure is 0.08, and annualized covariance runs at 222.2 %².
By 3-year correlation, TENX places #3930 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 89.3 percentage points (+26.3% for QQQ against -63.0% for TENX). One caveat on sizing: TENX is 6.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TENX: side by side
| QQQ (Invesco QQQ Trust) | TENX (Tenax Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -63.0% |
| 5-year return | +95.4% | -99.9% |
| Volatility (ann.) | 19.6% | 127.0% |
| Beta vs S&P 500 | 1.28 | 0.95 |
| Max drawdown (3Y) | -22.8% | -97.2% |
| Market cap | – | $0.1B |
| 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 |
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 | TENX |
|---|---|---|
| 2022 | -32.6% | -89.3% |
| 2023 | +54.9% | -87.6% |
| 2024 | +25.6% | -71.9% |
| 2025 | +20.8% | +96.9% |
| 2026 | +17.7% | -82.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TENX good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TENX?
The QQQ/TENX correlation stands at 0.09 on a 3-year window (1 year: -0.01, 5 years: 0.08), computed from weekly returns as of 2026-08-27.
Is TENX a good diversifier for QQQ?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 mean?
On the −1 to +1 scale, 0.09 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-tenx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tenx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TENX correlations
