QQQ vs TMC: Correlation
How closely do Invesco QQQ Trust (QQQ) and TMC the metals company Inc. (TMC) trade together? Their weekly returns over three years give a correlation of 0.22, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TMC?
On 3 years of weekly data the QQQ/TMC correlation comes out at 0.22, weak. Lately the two have moved closer together, with the 1-year correlation at 0.45 versus 0.22 over 3 years. The 5-year figure is 0.17, and annualized covariance runs at 410.9 %².
By 3-year correlation, TMC places #2599 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 30.4 percentage points, +26.3% for QQQ against -4.1% for TMC. Risk is not evenly split, since TMC carries 4.8 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 TMC: side by side
| QQQ (Invesco QQQ Trust) | TMC (TMC the metals company Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -4.1% |
| 5-year return | +95.4% | -45.9% |
| Volatility (ann.) | 19.6% | 94.3% |
| Beta vs S&P 500 | 1.28 | 1.21 |
| Max drawdown (3Y) | -22.8% | -67.7% |
| Market cap | – | $2.9B |
| 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 | TMC |
|---|---|---|
| 2022 | -32.6% | -63.0% |
| 2023 | +54.9% | +42.9% |
| 2024 | +25.6% | +1.8% |
| 2025 | +20.8% | +450.9% |
| 2026 | +17.7% | -17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TMC good diversifiers for each other?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TMC?
As of 2026-08-27, the correlation of weekly returns between QQQ and TMC is 0.22 over 3 years, 0.45 over 1 year and 0.17 over 5 years.
Is TMC a good diversifier for QQQ?
A fair diversifier. At 0.22, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.22 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-tmc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-tmc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TMC correlations
