QQQ vs TKO: Correlation
Invesco QQQ Trust (QQQ) and TKO Group Holdings (TKO) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TKO?
On 3 years of weekly data the QQQ/TKO correlation comes out at 0.28, weak. The past 12 months show a weaker link (0.14) than the 3-year average (0.28). The 5-year figure is 0.27, and annualized covariance runs at 173.9 %².
Among the 4755 assets we track against QQQ, TKO ranks #1781 by 3-year correlation. The last year tells two different stories: QQQ led by 25.5 percentage points, +26.3% for QQQ against +0.8% for TKO. The rolling one-year correlation moved between 0.09 and 0.54 over the past three years, a moderate range. Note the risk asymmetry: TKO runs 1.6 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 TKO: side by side
| QQQ (Invesco QQQ Trust) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +26.3% | +0.8% |
| 5-year return | +95.4% | +281.8% |
| Volatility (ann.) | 19.6% | 32.1% |
| Beta vs S&P 500 | 1.28 | 0.70 |
| Max drawdown (3Y) | -22.8% | -34.8% |
| Market cap | – | $34.9B |
| P/E (trailing) | – | 65.8 |
| Dividend yield | 0.44% | 1.66% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Communication Services |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TKO |
|---|---|---|
| 2022 | -32.6% | +39.9% |
| 2023 | +54.9% | +23.9% |
| 2024 | +25.6% | +74.2% |
| 2025 | +20.8% | +48.9% |
| 2026 | +17.7% | -11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TKO good diversifiers for each other?
Reasonably. At 0.28, QQQ and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TKO?
The QQQ/TKO correlation stands at 0.28 on a 3-year window (1 year: 0.14, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is TKO a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and TKO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tko/)
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Related comparisons
Hubs: QQQ correlations · TKO correlations
