QQQ vs TLK: Correlation
How closely do Invesco QQQ Trust (QQQ) and PT Telekomunikasi Indonesia, Tbk (TLK) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TLK?
Across a 3-year window, the weekly returns of QQQ and TLK correlate at 0.29, weak. Recent behaviour matches the longer record: 0.19 over 1 year against 0.29 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 156.5 %².
By 3-year correlation, TLK places #1666 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 45.6 percentage points, +26.3% for QQQ against -19.3% for TLK.
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 TLK: side by side
| QQQ (Invesco QQQ Trust) | TLK (PT Telekomunikasi Indonesia, Tbk) | |
|---|---|---|
| 1-year return | +26.3% | -19.3% |
| 5-year return | +95.4% | -18.1% |
| Volatility (ann.) | 19.6% | 27.9% |
| Beta vs S&P 500 | 1.28 | 0.66 |
| Max drawdown (3Y) | -22.8% | -47.6% |
| Market cap | – | $14.3B |
| P/E (trailing) | – | 14.7 |
| 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 | TLK |
|---|---|---|
| 2022 | -32.6% | -14.6% |
| 2023 | +54.9% | +12.6% |
| 2024 | +25.6% | -32.3% |
| 2025 | +20.8% | +37.8% |
| 2026 | +17.7% | -25.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TLK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TLK?
The QQQ/TLK correlation stands at 0.29 on a 3-year window (1 year: 0.19, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is TLK a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.29 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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-tlk.json
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Related comparisons
Hubs: QQQ correlations · TLK correlations
