QQQ vs TKR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Timken Company (The) (TKR) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TKR?
On 3 years of weekly data the QQQ/TKR correlation comes out at 0.42, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.42). The 5-year figure is 0.45, and annualized covariance runs at 225.8 %².
By 3-year correlation, TKR places #531 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months TKR outperformed by 33.5 percentage points (+26.3% for QQQ against +59.8% for TKR).
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 TKR: side by side
| QQQ (Invesco QQQ Trust) | TKR (Timken Company (The)) | |
|---|---|---|
| 1-year return | +26.3% | +59.8% |
| 5-year return | +95.4% | +80.3% |
| Volatility (ann.) | 19.6% | 27.4% |
| Beta vs S&P 500 | 1.28 | 0.98 |
| Max drawdown (3Y) | -22.8% | -37.6% |
| Market cap | – | $8.6B |
| P/E (trailing) | – | 33.7 |
| Dividend yield | 0.44% | 1.12% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | TKR |
|---|---|---|
| 2022 | -32.6% | +3.9% |
| 2023 | +54.9% | +15.4% |
| 2024 | +25.6% | -9.5% |
| 2025 | +20.8% | +20.0% |
| 2026 | +17.7% | +49.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TKR good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TKR?
The QQQ/TKR correlation stands at 0.42 on a 3-year window (1 year: 0.25, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is TKR a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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-tkr.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tkr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TKR correlations
