QQQ vs TPST: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tempest Therapeutics, Inc. (TPST) trade together? Their weekly returns over three years give a correlation of 0.02, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TPST?
On 3 years of weekly data the QQQ/TPST correlation comes out at 0.02, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.35 versus 0.02 over 3 years. The 5-year figure is 0.04, and annualized covariance runs at 346.1 %².
Among the 4755 assets we track against QQQ, TPST ranks #4403 by 3-year correlation. The last year tells two different stories: QQQ led by 116.3 percentage points, +26.3% for QQQ against -90.0% for TPST. Risk is not evenly split, since TPST carries 39.9 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 TPST: side by side
| QQQ (Invesco QQQ Trust) | TPST (Tempest Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -90.0% |
| 5-year return | +95.4% | -99.4% |
| Volatility (ann.) | 19.6% | 782.8% |
| Beta vs S&P 500 | 1.28 | 1.97 |
| Max drawdown (3Y) | -22.8% | -99.3% |
| 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 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 | TPST |
|---|---|---|
| 2022 | -32.6% | -78.2% |
| 2023 | +54.9% | +282.6% |
| 2024 | +25.6% | -81.0% |
| 2025 | +20.8% | -73.6% |
| 2026 | +17.7% | -62.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TPST good diversifiers for each other?
Yes. With a correlation of 0.02, QQQ and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TPST?
The QQQ/TPST correlation stands at 0.02 on a 3-year window (1 year: 0.35, 5 years: 0.04), computed from weekly returns as of 2026-08-27.
Is TPST a good diversifier for QQQ?
Yes. With a correlation of 0.02, QQQ and TPST have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.02 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-tpst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-tpst/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TPST correlations
