QQQ vs TNYA: Correlation
Invesco QQQ Trust (QQQ) and Tenaya Therapeutics, Inc. (TNYA) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TNYA?
On 3 years of weekly data the QQQ/TNYA correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.32 over 3. The 5-year figure is 0.33, and annualized covariance runs at 790.7 %².
Within QQQ's tracked universe of 4755 assets, TNYA comes in at #1345 by 3-year correlation. The last year tells two different stories: QQQ led by 63.1 percentage points, +26.3% for QQQ against -36.8% for TNYA. Risk is not evenly split, since TNYA carries 6.4 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 TNYA: side by side
| QQQ (Invesco QQQ Trust) | TNYA (Tenaya Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -36.8% |
| 5-year return | +95.4% | -97.3% |
| Volatility (ann.) | 19.6% | 126.0% |
| Beta vs S&P 500 | 1.28 | 2.90 |
| Max drawdown (3Y) | -22.8% | -94.3% |
| Market cap | – | $0.2B |
| 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 | TNYA |
|---|---|---|
| 2022 | -32.6% | -89.4% |
| 2023 | +54.9% | +61.2% |
| 2024 | +25.6% | -55.9% |
| 2025 | +20.8% | -50.2% |
| 2026 | +17.7% | -2.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TNYA good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TNYA?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.28 over the last year and 0.33 over 5 years.
Is TNYA a good diversifier for QQQ?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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-tnya.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tnya/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TNYA correlations
