QQQ vs TLSA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Tiziana Life Sciences Ltd (TLSA) carry a correlation of -0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TLSA?
Over the past 3 years, QQQ and TLSA moved with a correlation of -0.09, which is near zero, meaning they move largely independently. The link has tightened recently: the 1-year correlation (0.20) runs above the 3-year figure (-0.09). Over 5 years the correlation is -0.01, and the annualized covariance of weekly returns is -161.2 %².
Within QQQ's tracked universe of 4755 assets, TLSA comes in at #4712 by 3-year correlation. The last year tells two different stories: QQQ led by 67.9 percentage points, +26.3% for QQQ against -41.6% for TLSA. Note the risk asymmetry: TLSA runs 4.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TLSA: side by side
| QQQ (Invesco QQQ Trust) | TLSA (Tiziana Life Sciences Ltd) | |
|---|---|---|
| 1-year return | +26.3% | -41.6% |
| 5-year return | +95.4% | -31.6% |
| Volatility (ann.) | 19.6% | 92.1% |
| Beta vs S&P 500 | 1.28 | -0.48 |
| Max drawdown (3Y) | -22.8% | -64.4% |
| 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, 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 | TLSA |
|---|---|---|
| 2022 | -32.6% | -37.5% |
| 2023 | +54.9% | -6.7% |
| 2024 | +25.6% | +25.0% |
| 2025 | +20.8% | +112.9% |
| 2026 | +17.7% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TLSA good diversifiers for each other?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TLSA?
The QQQ/TLSA correlation stands at -0.09 on a 3-year window (1 year: 0.20, 5 years: -0.01), computed from weekly returns as of 2026-08-27.
Is TLSA a good diversifier for QQQ?
Yes: at -0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.09 mean?
On the −1 to +1 scale, -0.09 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-tlsa.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tlsa/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TLSA correlations
