QQQ vs TKC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Turkcell Iletisim Hizmetleri AS (TKC) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TKC?
Across a 3-year window, the weekly returns of QQQ and TKC correlate at 0.22, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. Stretching to 5 years gives 0.21, with an annualized covariance of 139.8 %².
Among the 4755 assets we track against QQQ, TKC ranks #2598 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 38.9 percentage points (+26.3% for QQQ against -12.6% for TKC). One caveat on sizing: TKC is 1.7 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 TKC: side by side
| QQQ (Invesco QQQ Trust) | TKC (Turkcell Iletisim Hizmetleri AS) | |
|---|---|---|
| 1-year return | +26.3% | -12.6% |
| 5-year return | +95.4% | +30.6% |
| Volatility (ann.) | 19.6% | 32.9% |
| Beta vs S&P 500 | 1.28 | 0.45 |
| Max drawdown (3Y) | -22.8% | -28.5% |
| Market cap | – | $4.7B |
| P/E (trailing) | – | 12.6 |
| 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 | TKC |
|---|---|---|
| 2022 | -32.6% | +38.2% |
| 2023 | +54.9% | +2.5% |
| 2024 | +25.6% | +44.5% |
| 2025 | +20.8% | -14.3% |
| 2026 | +17.7% | -1.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TKC good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TKC?
As of 2026-08-27, the correlation of weekly returns between QQQ and TKC is 0.22 over 3 years, 0.18 over 1 year and 0.21 over 5 years.
Is TKC a good diversifier for QQQ?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tkc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tkc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TKC correlations
