QQQ vs TOL: Correlation
Invesco QQQ Trust (QQQ) and Toll Brothers, Inc. (TOL) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TOL?
On 3 years of weekly data the QQQ/TOL correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.29 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 243.8 %².
By 3-year correlation, TOL places #972 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 20.3 points (+26.3% versus +6.0%). Risk is not evenly split, since TOL carries 1.8 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 TOL: side by side
| QQQ (Invesco QQQ Trust) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +6.0% |
| 5-year return | +95.4% | +139.9% |
| Volatility (ann.) | 19.6% | 34.9% |
| Beta vs S&P 500 | 1.28 | 1.14 |
| Max drawdown (3Y) | -22.8% | -46.0% |
| Market cap | – | $13.4B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.44% | 0.69% |
| 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 | TOL |
|---|---|---|
| 2022 | -32.6% | -30.0% |
| 2023 | +54.9% | +108.6% |
| 2024 | +25.6% | +23.4% |
| 2025 | +20.8% | +8.3% |
| 2026 | +17.7% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TOL good diversifiers for each other?
Reasonably. At 0.36, QQQ and TOL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TOL?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.29 over the last year and 0.47 over 5 years.
Is TOL a good diversifier for QQQ?
Reasonably. At 0.36, QQQ and TOL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TOL correlations
