QQQ vs TNGX: Correlation
Invesco QQQ Trust (QQQ) and Tango Therapeutics, Inc. (TNGX) 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 TNGX?
On 3 years of weekly data the QQQ/TNGX correlation comes out at 0.16, weak. Little has changed lately, as the 1-year reading of 0.15 lands near the 3-year figure. The 5-year figure is 0.14, and annualized covariance runs at 338.7 %².
Within QQQ's tracked universe of 4755 assets, TNGX comes in at #3290 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TNGX ahead by 240.1 points (+26.3% versus +266.4%). Note the risk asymmetry: TNGX runs 5.6 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 TNGX: side by side
| QQQ (Invesco QQQ Trust) | TNGX (Tango Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +266.4% |
| 5-year return | +95.4% | +112.1% |
| Volatility (ann.) | 19.6% | 109.5% |
| Beta vs S&P 500 | 1.28 | 1.01 |
| Max drawdown (3Y) | -22.8% | -91.5% |
| Market cap | – | $4.3B |
| 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 is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TNGX |
|---|---|---|
| 2022 | -32.6% | -33.7% |
| 2023 | +54.9% | +36.6% |
| 2024 | +25.6% | -68.8% |
| 2025 | +20.8% | +186.7% |
| 2026 | +17.7% | +185.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TNGX good diversifiers for each other?
Yes. With a correlation of 0.16, QQQ and TNGX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TNGX?
As of 2026-08-27, the correlation of weekly returns between QQQ and TNGX is 0.16 over 3 years, 0.15 over 1 year and 0.14 over 5 years.
Is TNGX a good diversifier for QQQ?
Yes. With a correlation of 0.16, QQQ and TNGX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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-tngx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tngx/)
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Related comparisons
Hubs: QQQ correlations · TNGX correlations
