QQQ vs TGLS: Correlation
Invesco QQQ Trust (QQQ) and Tecnoglass Holdings Inc. (TGLS) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TGLS?
On 3 years of weekly data the QQQ/TGLS correlation comes out at 0.39, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.39). The 5-year figure is 0.31, and annualized covariance runs at 318.9 %².
Within QQQ's tracked universe of 4755 assets, TGLS comes in at #726 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 70.7 percentage points (+26.3% for QQQ against -44.4% for TGLS). Risk is not evenly split, since TGLS carries 2.1 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 TGLS: side by side
| QQQ (Invesco QQQ Trust) | TGLS (Tecnoglass Holdings Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -44.4% |
| 5-year return | +95.4% | +85.6% |
| Volatility (ann.) | 19.6% | 41.6% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -22.8% | -56.8% |
| Market cap | – | $1.8B |
| P/E (trailing) | – | 14.1 |
| Dividend yield | 0.44% | 1.47% |
| 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 | TGLS |
|---|---|---|
| 2022 | -32.6% | +18.9% |
| 2023 | +54.9% | +49.9% |
| 2024 | +25.6% | +74.9% |
| 2025 | +20.8% | -36.3% |
| 2026 | +17.7% | -19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TGLS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TGLS?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.14 over the last year and 0.31 over 5 years.
Is TGLS a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-tgls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-tgls/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TGLS correlations
