QQQ vs TFSL: Correlation
Invesco QQQ Trust (QQQ) and TFS Financial Corporation (TFSL) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TFSL?
Across a 3-year window, the weekly returns of QQQ and TFSL correlate at 0.19, weak. The link has loosened recently: the 1-year correlation (-0.14) runs below the 3-year figure (0.19). Stretching to 5 years gives 0.30, with an annualized covariance of 84.6 %².
Within QQQ's tracked universe of 4755 assets, TFSL comes in at #2979 by 3-year correlation. Over the last 12 months TFSL came out ahead by 9.9 percentage points (+26.3% against +36.2%).
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 TFSL: side by side
| QQQ (Invesco QQQ Trust) | TFSL (TFS Financial Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +36.2% |
| 5-year return | +95.4% | +35.4% |
| Volatility (ann.) | 19.6% | 23.1% |
| Beta vs S&P 500 | 1.28 | 0.49 |
| Max drawdown (3Y) | -22.8% | -21.3% |
| Market cap | – | $5.0B |
| P/E (trailing) | – | 49.7 |
| Dividend yield | 0.44% | 6.31% |
| 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 | TFSL |
|---|---|---|
| 2022 | -32.6% | -13.0% |
| 2023 | +54.9% | +11.2% |
| 2024 | +25.6% | -6.7% |
| 2025 | +20.8% | +16.0% |
| 2026 | +17.7% | +39.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TFSL good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TFSL?
As of 2026-08-27, the correlation of weekly returns between QQQ and TFSL is 0.19 over 3 years, -0.14 over 1 year and 0.30 over 5 years.
Is TFSL a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 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
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Related comparisons
Hubs: QQQ correlations · TFSL correlations
