QQQ vs TPVG: Correlation
How closely do Invesco QQQ Trust (QQQ) and TriplePoint Venture Growth BDC Corp. (TPVG) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TPVG?
Over the past 3 years, QQQ and TPVG moved with a correlation of 0.37, which is moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. Over 5 years the correlation is 0.47, and the annualized covariance of weekly returns is 247.1 %².
Among the 4755 assets we track against QQQ, TPVG ranks #879 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 31.4 percentage points (+26.3% for QQQ against -5.1% for TPVG). Note the risk asymmetry: TPVG runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TPVG: side by side
| QQQ (Invesco QQQ Trust) | TPVG (TriplePoint Venture Growth BDC Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -5.1% |
| 5-year return | +95.4% | -31.0% |
| Volatility (ann.) | 19.6% | 33.8% |
| Beta vs S&P 500 | 1.28 | 1.06 |
| Max drawdown (3Y) | -22.8% | -43.4% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 5.4 |
| Dividend yield | 0.44% | 17.29% |
| 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 | TPVG |
|---|---|---|
| 2022 | -32.6% | -34.7% |
| 2023 | +54.9% | +20.3% |
| 2024 | +25.6% | -20.0% |
| 2025 | +20.8% | +3.9% |
| 2026 | +17.7% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TPVG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TPVG?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.43 over the last year and 0.47 over 5 years.
Is TPVG a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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
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Related comparisons
Hubs: QQQ correlations · TPVG correlations
