QQQ vs TLPH: Correlation
How closely do Invesco QQQ Trust (QQQ) and Talphera, Inc. (TLPH) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TLPH?
On 3 years of weekly data the QQQ/TLPH correlation comes out at 0.18, weak. Little has changed lately, as the 1-year reading of 0.21 lands near the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 318.8 %².
Within QQQ's tracked universe of 4755 assets, TLPH comes in at #3101 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TLPH ahead by 101.5 points (+26.3% versus +127.8%). Risk is not evenly split, since TLPH carries 4.5 times the volatility of the other side.
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 TLPH: side by side
| QQQ (Invesco QQQ Trust) | TLPH (Talphera, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +127.8% |
| 5-year return | +95.4% | -94.6% |
| Volatility (ann.) | 19.6% | 88.9% |
| Beta vs S&P 500 | 1.28 | 1.27 |
| Max drawdown (3Y) | -22.8% | -73.5% |
| Market cap | – | $0.1B |
| 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 |
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 | TLPH |
|---|---|---|
| 2022 | -32.6% | -79.8% |
| 2023 | +54.9% | -67.3% |
| 2024 | +25.6% | -29.7% |
| 2025 | +20.8% | +119.2% |
| 2026 | +17.7% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TLPH good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TLPH?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with 0.21 over the last year and 0.11 over 5 years.
Is TLPH a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 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-tlph.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tlph/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TLPH correlations
