QQQ vs TSHA: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Taysha Gene Therapies, Inc. (TSHA) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TSHA?
Over the past 3 years, QQQ and TSHA moved with a correlation of 0.34, 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 0.25, and the annualized covariance of weekly returns is 677.9 %².
Within QQQ's tracked universe of 4755 assets, TSHA comes in at #1153 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TSHA ahead by 74.4 points (+26.3% versus +100.7%). Risk is not evenly split, since TSHA carries 5.2 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 TSHA: side by side
| QQQ (Invesco QQQ Trust) | TSHA (Taysha Gene Therapies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +100.7% |
| 5-year return | +95.4% | -69.5% |
| Volatility (ann.) | 19.6% | 101.5% |
| Beta vs S&P 500 | 1.28 | 2.63 |
| Max drawdown (3Y) | -22.8% | -72.9% |
| Market cap | – | $1.9B |
| 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 | TSHA |
|---|---|---|
| 2022 | -32.6% | -80.6% |
| 2023 | +54.9% | -21.7% |
| 2024 | +25.6% | -2.3% |
| 2025 | +20.8% | +217.9% |
| 2026 | +17.7% | +8.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TSHA good diversifiers for each other?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TSHA?
As of 2026-08-27, the correlation of weekly returns between QQQ and TSHA is 0.34 over 3 years, 0.43 over 1 year and 0.25 over 5 years.
Is TSHA a good diversifier for QQQ?
A fair diversifier. At 0.34, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.34 mean?
A reading of 0.34 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-tsha.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tsha/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TSHA correlations
