QQQ vs TIL: Correlation
How closely do Invesco QQQ Trust (QQQ) and Instil Bio, Inc. (TIL) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TIL?
Over the past 3 years, QQQ and TIL moved with a correlation of 0.19, which is weak. The past 12 months show a weaker link (0.05) than the 3-year average (0.19). Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 1125.7 %².
Among the 4755 assets we track against QQQ, TIL ranks #2980 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 98.2 percentage points (+26.3% for QQQ against -71.9% for TIL). Note the risk asymmetry: TIL runs 15.1 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 TIL: side by side
| QQQ (Invesco QQQ Trust) | TIL (Instil Bio, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -71.9% |
| 5-year return | +95.4% | -97.9% |
| Volatility (ann.) | 19.6% | 296.1% |
| Beta vs S&P 500 | 1.28 | 3.91 |
| Max drawdown (3Y) | -22.8% | -92.1% |
| Market cap | – | $0.1B |
| 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 |
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 | TIL |
|---|---|---|
| 2022 | -32.6% | -96.3% |
| 2023 | +54.9% | -39.5% |
| 2024 | +25.6% | +150.5% |
| 2025 | +20.8% | -42.4% |
| 2026 | +17.7% | -28.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TIL good diversifiers for each other?
Yes. With a correlation of 0.19, QQQ and TIL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TIL?
The QQQ/TIL correlation stands at 0.19 on a 3-year window (1 year: 0.05, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is TIL a good diversifier for QQQ?
Yes. With a correlation of 0.19, QQQ and TIL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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
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Related comparisons
Hubs: QQQ correlations · TIL correlations
