QQQ vs TNK: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Teekay Tankers Ltd. (TNK) carry a correlation of 0.17, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TNK?
Over the past 3 years, QQQ and TNK moved with a correlation of 0.17, which is weak. The relationship has been stable: the 1-year correlation (0.10) sits close to the 3-year figure. Over 5 years the correlation is 0.12, and the annualized covariance of weekly returns is 127.4 %².
By 3-year correlation, TNK places #3204 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months TNK outperformed by 61.0 percentage points (+26.3% for QQQ against +87.3% for TNK). Risk is not evenly split, since TNK carries 2.0 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 TNK: side by side
| QQQ (Invesco QQQ Trust) | TNK (Teekay Tankers Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +87.3% |
| 5-year return | +95.4% | +813.1% |
| Volatility (ann.) | 19.6% | 38.5% |
| Beta vs S&P 500 | 1.28 | 0.51 |
| Max drawdown (3Y) | -22.8% | -52.4% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 4.9 |
| Dividend yield | 0.44% | 1.20% |
| 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 | TNK |
|---|---|---|
| 2022 | -32.6% | +182.7% |
| 2023 | +54.9% | +69.2% |
| 2024 | +25.6% | -16.6% |
| 2025 | +20.8% | +39.6% |
| 2026 | +17.7% | +68.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TNK good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TNK?
As of 2026-08-27, the correlation of weekly returns between QQQ and TNK is 0.17 over 3 years, 0.10 over 1 year and 0.12 over 5 years.
Is TNK a good diversifier for QQQ?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 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-tnk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tnk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TNK correlations
