QQQ vs TLN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Talen Energy Corporation (TLN) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TLN?
Over the past 3 years, QQQ and TLN moved with a correlation of 0.44, which is moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.44 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 407.9 %².
By 3-year correlation, TLN places #459 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 46.5 percentage points (+26.3% for QQQ against -20.2% for TLN). One caveat on sizing: TLN is 2.4 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 TLN: side by side
| QQQ (Invesco QQQ Trust) | TLN (Talen Energy Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -20.2% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 47.4% |
| Beta vs S&P 500 | 1.28 | 1.39 |
| Max drawdown (3Y) | -22.8% | -33.8% |
| Market cap | – | $14.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TLN |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | +214.8% |
| 2025 | +20.8% | +86.1% |
| 2026 | +17.7% | -18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TLN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TLN?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.43 over the last year and n/a over 5 years.
Is TLN a good diversifier for QQQ?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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-tln.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tln/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TLN correlations
