QQQ vs TJX: Correlation
How closely do Invesco QQQ Trust (QQQ) and TJX Companies (TJX) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TJX?
Across a 3-year window, the weekly returns of QQQ and TJX correlate at 0.28, weak. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.28). Stretching to 5 years gives 0.43, with an annualized covariance of 99.4 %².
Within QQQ's tracked universe of 4755 assets, TJX comes in at #1780 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 27.3 percentage points (+26.3% for QQQ against -1.0% for TJX). This link changes with the market regime, having swung between -0.07 and 0.54 on a rolling one-year basis.
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 TJX: side by side
| QQQ (Invesco QQQ Trust) | TJX (TJX Companies) | |
|---|---|---|
| 1-year return | +26.3% | -1.0% |
| 5-year return | +95.4% | +98.2% |
| Volatility (ann.) | 19.6% | 18.3% |
| Beta vs S&P 500 | 1.28 | 0.45 |
| Max drawdown (3Y) | -22.8% | -20.1% |
| Market cap | – | $148.3B |
| P/E (trailing) | – | 24.9 |
| Dividend yield | 0.44% | 1.32% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Discretionary |
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 | TJX |
|---|---|---|
| 2022 | -32.6% | +6.7% |
| 2023 | +54.9% | +19.7% |
| 2024 | +25.6% | +30.6% |
| 2025 | +20.8% | +28.7% |
| 2026 | +17.7% | -11.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TJX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TJX?
As of 2026-08-27, the correlation of weekly returns between QQQ and TJX is 0.28 over 3 years, 0.02 over 1 year and 0.43 over 5 years.
Is TJX a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · TJX correlations
