QQQ vs TFC: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Truist Financial (TFC) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TFC?
Across a 3-year window, the weekly returns of QQQ and TFC correlate at 0.38, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.38). Stretching to 5 years gives 0.40, with an annualized covariance of 210.5 %².
Among the 4755 assets we track against QQQ, TFC ranks #800 by 3-year correlation. Over the last 12 months QQQ came out ahead by 14.2 percentage points (+26.3% against +12.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.09 to 0.68.
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 TFC: side by side
| QQQ (Invesco QQQ Trust) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +26.3% | +12.1% |
| 5-year return | +95.4% | +12.7% |
| Volatility (ann.) | 19.6% | 28.0% |
| Beta vs S&P 500 | 1.28 | 1.07 |
| Max drawdown (3Y) | -22.8% | -26.9% |
| Market cap | – | $61.4B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.44% | 4.10% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Financials |
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 | TFC |
|---|---|---|
| 2022 | -32.6% | -23.5% |
| 2023 | +54.9% | -8.6% |
| 2024 | +25.6% | +23.7% |
| 2025 | +20.8% | +19.0% |
| 2026 | +17.7% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TFC good diversifiers for each other?
Reasonably. At 0.38, QQQ and TFC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TFC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.14 over the last year and 0.40 over 5 years.
Is TFC a good diversifier for QQQ?
Reasonably. At 0.38, QQQ and TFC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TFC correlations
