QQQ vs TSAT: Correlation
Invesco QQQ Trust (QQQ) and Telesat Corporation - Class A (TSAT) show a weak relationship: their 3-year correlation of weekly returns is 0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TSAT?
Over the past 3 years, QQQ and TSAT moved with a correlation of 0.28, which is weak. The past 12 months show a tighter link (0.51) than the 3-year average (0.28). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 417.6 %².
Among the 4755 assets we track against QQQ, TSAT ranks #1783 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TSAT outperformed by 100.8 percentage points (+26.3% for QQQ against +127.1% for TSAT). Risk is not evenly split, since TSAT carries 3.9 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 TSAT: side by side
| QQQ (Invesco QQQ Trust) | TSAT (Telesat Corporation - Class A) | |
|---|---|---|
| 1-year return | +26.3% | +127.1% |
| 5-year return | +95.4% | +10.3% |
| Volatility (ann.) | 19.6% | 76.7% |
| Beta vs S&P 500 | 1.28 | 1.43 |
| Max drawdown (3Y) | -22.8% | -64.5% |
| Market cap | – | $2.3B |
| 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 | TSAT |
|---|---|---|
| 2022 | -32.6% | -73.8% |
| 2023 | +54.9% | +39.1% |
| 2024 | +25.6% | +57.6% |
| 2025 | +20.8% | +77.0% |
| 2026 | +17.7% | +57.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TSAT good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TSAT?
The QQQ/TSAT correlation stands at 0.28 on a 3-year window (1 year: 0.51, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is TSAT a good diversifier for QQQ?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 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.
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Related comparisons
Hubs: QQQ correlations · TSAT correlations
