QQQ vs TGL: Correlation
Invesco QQQ Trust (QQQ) and Treasure Global Inc. (TGL) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TGL?
Across a 3-year window, the weekly returns of QQQ and TGL correlate at 0.06, near zero, meaning they move largely independently. The past 12 months show a tighter link (0.30) than the 3-year average (0.06). Stretching to 5 years gives 0.10, with an annualized covariance of 183.1 %².
Among the 4755 assets we track against QQQ, TGL ranks #4143 by 3-year correlation. The last year tells two different stories: QQQ led by 116.3 percentage points, +26.3% for QQQ against -90.0% for TGL. Risk is not evenly split, since TGL carries 7.9 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 TGL: side by side
| QQQ (Invesco QQQ Trust) | TGL (Treasure Global Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -90.0% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 155.0% |
| Beta vs S&P 500 | 1.28 | 0.73 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| 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 |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TGL |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | -94.8% |
| 2024 | +25.6% | -97.2% |
| 2025 | +20.8% | -96.5% |
| 2026 | +17.7% | -58.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TGL good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TGL?
As of 2026-08-27, the correlation of weekly returns between QQQ and TGL is 0.06 over 3 years, 0.30 over 1 year and 0.10 over 5 years.
Is TGL a good diversifier for QQQ?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 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-tgl.json
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Related comparisons
Hubs: QQQ correlations · TGL correlations
