QQQ vs TNMG: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TNL Mediagene (TNMG) carry a correlation of 0.22, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TNMG?
Over the past 3 years, QQQ and TNMG moved with a correlation of 0.22, which is weak. The past 12 months show a weaker link (0.02) than the 3-year average (0.22). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 549.3 %².
Among the 4755 assets we track against QQQ, TNMG ranks #2600 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 120.4 percentage points (+26.3% for QQQ against -94.1% for TNMG). Risk is not evenly split, since TNMG carries 6.5 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 TNMG: side by side
| QQQ (Invesco QQQ Trust) | TNMG (TNL Mediagene) | |
|---|---|---|
| 1-year return | +26.3% | -94.1% |
| 5-year return | +95.4% | -99.7% |
| Volatility (ann.) | 19.6% | 126.7% |
| Beta vs S&P 500 | 1.28 | 2.05 |
| Max drawdown (3Y) | -22.8% | -99.9% |
| Market cap | – | – |
| 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 | TNMG |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | +4.9% |
| 2024 | +25.6% | -26.4% |
| 2025 | +20.8% | -98.3% |
| 2026 | +17.7% | -81.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TNMG 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 TNMG?
Using weekly returns as of 2026-08-27: 0.22 over 3 years, with 0.02 over the last year and 0.16 over 5 years.
Is TNMG 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?
On the −1 to +1 scale, 0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tnmg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tnmg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TNMG correlations
