QQQ vs TLSI: Correlation
Invesco QQQ Trust (QQQ) and TriSalus Life Sciences, Inc. (TLSI) show a weak relationship: their 3-year correlation of weekly returns is 0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TLSI?
Across a 3-year window, the weekly returns of QQQ and TLSI correlate at 0.16, weak. Lately the two have moved closer together, with the 1-year correlation at 0.34 versus 0.16 over 3 years. Stretching to 5 years gives 0.11, with an annualized covariance of 287.3 %².
Within QQQ's tracked universe of 4755 assets, TLSI comes in at #3289 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 29.6 percentage points (+26.3% for QQQ against -3.3% for TLSI). Note the risk asymmetry: TLSI runs 4.6 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 TLSI: side by side
| QQQ (Invesco QQQ Trust) | TLSI (TriSalus Life Sciences, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -3.3% |
| 5-year return | +95.4% | -49.6% |
| Volatility (ann.) | 19.6% | 89.7% |
| Beta vs S&P 500 | 1.28 | 1.13 |
| Max drawdown (3Y) | -22.8% | -75.4% |
| Market cap | – | $0.3B |
| 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 | TLSI |
|---|---|---|
| 2022 | -32.6% | +1.5% |
| 2023 | +54.9% | -15.8% |
| 2024 | +25.6% | -40.7% |
| 2025 | +20.8% | +39.3% |
| 2026 | +17.7% | -29.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TLSI good diversifiers for each other?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TLSI?
Using weekly returns as of 2026-08-27: 0.16 over 3 years, with 0.34 over the last year and 0.11 over 5 years.
Is TLSI a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.16 means the two rarely move for the same reasons.
What does a correlation of 0.16 mean?
A reading of 0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tlsi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tlsi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TLSI correlations
