QQQ vs TLS: Correlation
Invesco QQQ Trust (QQQ) and Telos Corporation (TLS) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TLS?
Over the past 3 years, QQQ and TLS moved with a correlation of 0.30, which is moderate. The past 12 months show a tighter link (0.43) than the 3-year average (0.30). Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 642.5 %².
By 3-year correlation, TLS places #1540 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 43.6 percentage points (+26.3% for QQQ against -17.3% for TLS). Risk is not evenly split, since TLS carries 5.6 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 TLS: side by side
| QQQ (Invesco QQQ Trust) | TLS (Telos Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -17.3% |
| 5-year return | +95.4% | -85.1% |
| Volatility (ann.) | 19.6% | 110.3% |
| Beta vs S&P 500 | 1.28 | 2.54 |
| Max drawdown (3Y) | -22.8% | -58.3% |
| Market cap | – | $0.4B |
| 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, 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 | TLS |
|---|---|---|
| 2022 | -32.6% | -67.0% |
| 2023 | +54.9% | -28.3% |
| 2024 | +25.6% | -6.3% |
| 2025 | +20.8% | +49.1% |
| 2026 | +17.7% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TLS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TLS?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.43 over the last year and 0.26 over 5 years.
Is TLS a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · TLS correlations
