QQQ vs TPG: Correlation
How closely do Invesco QQQ Trust (QQQ) and TPG Inc. (TPG) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TPG?
Over the past 3 years, QQQ and TPG moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 417.8 %².
By 3-year correlation, TPG places #169 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 34.4 points (+26.3% versus -8.1%). One caveat on sizing: TPG is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TPG: side by side
| QQQ (Invesco QQQ Trust) | TPG (TPG Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -8.1% |
| 5-year return | +95.4% | +91.2% |
| Volatility (ann.) | 19.6% | 37.6% |
| Beta vs S&P 500 | 1.28 | 1.62 |
| Max drawdown (3Y) | -22.8% | -44.8% |
| Market cap | – | $21.1B |
| P/E (trailing) | – | 78.2 |
| Dividend yield | 0.44% | 4.24% |
| 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 | TPG |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | +62.4% |
| 2024 | +25.6% | +50.6% |
| 2025 | +20.8% | +5.1% |
| 2026 | +17.7% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TPG good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and TPG?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.48 over the last year and 0.58 over 5 years.
Is TPG a good diversifier for QQQ?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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-tpg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tpg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TPG correlations
