QQQ vs TPR: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Tapestry, Inc. (TPR) carry a correlation of 0.31, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TPR?
Over the past 3 years, QQQ and TPR moved with a correlation of 0.31, which is moderate. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.31). Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 229.7 %².
Among the 4755 assets we track against QQQ, TPR ranks #1443 by 3-year correlation. Their 12-month results are close: +26.3% for QQQ against +23.6% for TPR. Across three years, the rolling one-year figure varied moderately, from 0.17 to 0.58. Risk is not evenly split, since TPR carries 1.9 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 TPR: side by side
| QQQ (Invesco QQQ Trust) | TPR (Tapestry, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +23.6% |
| 5-year return | +95.4% | +240.1% |
| Volatility (ann.) | 19.6% | 37.8% |
| Beta vs S&P 500 | 1.28 | 1.05 |
| Max drawdown (3Y) | -22.8% | -31.8% |
| Market cap | – | $24.6B |
| P/E (trailing) | – | 17.9 |
| Dividend yield | 0.44% | 1.23% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Discretionary |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TPR |
|---|---|---|
| 2022 | -32.6% | -3.3% |
| 2023 | +54.9% | +0.2% |
| 2024 | +25.6% | +82.8% |
| 2025 | +20.8% | +98.7% |
| 2026 | +17.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TPR good diversifiers for each other?
Reasonably. At 0.31, QQQ and TPR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TPR?
Using weekly returns as of 2026-08-27: 0.31 over 3 years, with 0.13 over the last year and 0.44 over 5 years.
Is TPR a good diversifier for QQQ?
Reasonably. At 0.31, QQQ and TPR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
A reading of 0.31 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · TPR correlations
