QQQ vs TG: Correlation
Invesco QQQ Trust (QQQ) and Tredegar Corporation (TG) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TG?
Over the past 3 years, QQQ and TG moved with a correlation of 0.24, which is weak. Little has changed lately, as the 1-year reading of 0.16 lands near the 3-year figure. Over 5 years the correlation is 0.22, and the annualized covariance of weekly returns is 226.0 %².
By 3-year correlation, TG places #2326 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 26.8 percentage points (+26.3% for QQQ against -0.5% for TG). Note the risk asymmetry: TG runs 2.4 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 TG: side by side
| QQQ (Invesco QQQ Trust) | TG (Tredegar Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -0.5% |
| 5-year return | +95.4% | -35.5% |
| Volatility (ann.) | 19.6% | 47.3% |
| Beta vs S&P 500 | 1.28 | 1.03 |
| Max drawdown (3Y) | -22.8% | -33.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 8.2 |
| 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 | TG |
|---|---|---|
| 2022 | -32.6% | -9.6% |
| 2023 | +54.9% | -45.2% |
| 2024 | +25.6% | +42.0% |
| 2025 | +20.8% | -6.5% |
| 2026 | +17.7% | +6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TG?
As of 2026-08-27, the correlation of weekly returns between QQQ and TG is 0.24 over 3 years, 0.16 over 1 year and 0.22 over 5 years.
Is TG a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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.
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Related comparisons
Hubs: QQQ correlations · TG correlations
