QQQ vs TSBK: Correlation
How closely do Invesco QQQ Trust (QQQ) and Timberland Bancorp, Inc. (TSBK) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TSBK?
On 3 years of weekly data the QQQ/TSBK correlation comes out at 0.21, weak. The link has loosened recently: the 1-year correlation (-0.08) runs below the 3-year figure (0.21). The 5-year figure is 0.12, and annualized covariance runs at 102.3 %².
By 3-year correlation, TSBK places #2740 of the 4755 assets tracked against QQQ. The last year tells two different stories: TSBK led by 16.4 percentage points, +26.3% for QQQ against +42.7% for TSBK.
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 TSBK: side by side
| QQQ (Invesco QQQ Trust) | TSBK (Timberland Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +42.7% |
| 5-year return | +95.4% | +87.7% |
| Volatility (ann.) | 19.6% | 25.5% |
| Beta vs S&P 500 | 1.28 | 0.58 |
| Max drawdown (3Y) | -22.8% | -22.9% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 11.6 |
| Dividend yield | 0.44% | 2.43% |
| 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 | TSBK |
|---|---|---|
| 2022 | -32.6% | +27.5% |
| 2023 | +54.9% | -4.8% |
| 2024 | +25.6% | +0.4% |
| 2025 | +20.8% | +21.3% |
| 2026 | +17.7% | +31.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TSBK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TSBK?
As of 2026-08-27, the correlation of weekly returns between QQQ and TSBK is 0.21 over 3 years, -0.08 over 1 year and 0.12 over 5 years.
Is TSBK a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.21 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.21 mean?
A reading of 0.21 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tsbk.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: QQQ correlations · TSBK correlations
