QQQ vs TGS: Correlation
Invesco QQQ Trust (QQQ) and Transportadora de Gas del Sur SA TGS (TGS) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TGS?
Across a 3-year window, the weekly returns of QQQ and TGS correlate at 0.11, weak. Recent behaviour matches the longer record: 0.04 over 1 year against 0.11 over 3. Stretching to 5 years gives 0.09, with an annualized covariance of 116.9 %².
Among the 4755 assets we track against QQQ, TGS ranks #3787 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 19.7 percentage points (+26.3% for QQQ against +6.6% for TGS). One caveat on sizing: TGS is 2.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TGS: side by side
| QQQ (Invesco QQQ Trust) | TGS (Transportadora de Gas del Sur SA TGS) | |
|---|---|---|
| 1-year return | +26.3% | +6.6% |
| 5-year return | +95.4% | +412.6% |
| Volatility (ann.) | 19.6% | 55.6% |
| Beta vs S&P 500 | 1.28 | 0.33 |
| Max drawdown (3Y) | -22.8% | -39.5% |
| Market cap | – | $4.3B |
| P/E (trailing) | – | 12.4 |
| 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 | TGS |
|---|---|---|
| 2022 | -32.6% | +165.8% |
| 2023 | +54.9% | +27.9% |
| 2024 | +25.6% | +94.0% |
| 2025 | +20.8% | +6.2% |
| 2026 | +17.7% | -8.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TGS good diversifiers for each other?
Yes. With a correlation of 0.11, QQQ and TGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TGS?
Using weekly returns as of 2026-08-27: 0.11 over 3 years, with 0.04 over the last year and 0.09 over 5 years.
Is TGS a good diversifier for QQQ?
Yes. With a correlation of 0.11, QQQ and TGS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.11 mean?
On the −1 to +1 scale, 0.11 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 · TGS correlations
