QQQ vs TLYS: Correlation
Invesco QQQ Trust (QQQ) and Tilly's, Inc. (TLYS) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TLYS?
Across a 3-year window, the weekly returns of QQQ and TLYS correlate at 0.06, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (-0.04) sits close to the 3-year figure. Stretching to 5 years gives 0.15, with an annualized covariance of 115.2 %².
By 3-year correlation, TLYS places #4144 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months TLYS outperformed by 79.0 percentage points (+26.3% for QQQ against +105.3% for TLYS). Note the risk asymmetry: TLYS runs 4.9 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 TLYS: side by side
| QQQ (Invesco QQQ Trust) | TLYS (Tilly's, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +105.3% |
| 5-year return | +95.4% | -74.2% |
| Volatility (ann.) | 19.6% | 96.5% |
| Beta vs S&P 500 | 1.28 | 0.68 |
| Max drawdown (3Y) | -22.8% | -92.3% |
| 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 | TLYS |
|---|---|---|
| 2022 | -32.6% | -43.8% |
| 2023 | +54.9% | -16.7% |
| 2024 | +25.6% | -43.6% |
| 2025 | +20.8% | -53.2% |
| 2026 | +17.7% | +93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TLYS good diversifiers for each other?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TLYS?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with -0.04 over the last year and 0.15 over 5 years.
Is TLYS a good diversifier for QQQ?
Yes: at 0.06, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.06 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-tlys.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tlys/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TLYS correlations
