QQQ vs TK: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Teekay Corporation Ltd. (TK) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TK?
Over the past 3 years, QQQ and TK moved with a correlation of 0.22, which is weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. Over 5 years the correlation is 0.20, and the annualized covariance of weekly returns is 158.0 %².
Among the 4755 assets we track against QQQ, TK ranks #2597 by 3-year correlation. The last year tells two different stories: TK led by 44.1 percentage points, +26.3% for QQQ against +70.4% for TK. Note the risk asymmetry: TK runs 1.9 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 TK: side by side
| QQQ (Invesco QQQ Trust) | TK (Teekay Corporation Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +70.4% |
| 5-year return | +95.4% | +508.0% |
| Volatility (ann.) | 19.6% | 36.4% |
| Beta vs S&P 500 | 1.28 | 0.60 |
| Max drawdown (3Y) | -22.8% | -32.2% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 5.9 |
| 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 | TK |
|---|---|---|
| 2022 | -32.6% | +44.6% |
| 2023 | +54.9% | +57.5% |
| 2024 | +25.6% | +11.5% |
| 2025 | +20.8% | +48.2% |
| 2026 | +17.7% | +52.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TK?
As of 2026-08-27, the correlation of weekly returns between QQQ and TK is 0.22 over 3 years, 0.15 over 1 year and 0.20 over 5 years.
Is TK a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.22 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.22 mean?
A reading of 0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tk/)
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Related comparisons
Hubs: QQQ correlations · TK correlations
