QQQ vs TSLA: Correlation
Invesco QQQ Trust (QQQ) and Tesla, Inc. (TSLA) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TSLA?
On 3 years of weekly data the QQQ/TSLA correlation comes out at 0.57, moderate. Recent behaviour matches the longer record: 0.63 over 1 year against 0.57 over 3. The 5-year figure is 0.61, and annualized covariance runs at 599.6 %².
Within QQQ's tracked universe of 4755 assets, TSLA comes in at #170 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.8 points (+26.3% versus +1.5%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.46 and 0.67. Risk is not evenly split, since TSLA carries 2.7 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 TSLA: side by side
| QQQ (Invesco QQQ Trust) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +1.5% |
| 5-year return | +95.4% | +45.6% |
| Volatility (ann.) | 19.6% | 53.9% |
| Beta vs S&P 500 | 1.28 | 1.87 |
| Max drawdown (3Y) | -22.8% | -53.8% |
| Market cap | – | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Consumer Discretionary |
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 | TSLA |
|---|---|---|
| 2022 | -32.6% | -65.0% |
| 2023 | +54.9% | +101.7% |
| 2024 | +25.6% | +62.5% |
| 2025 | +20.8% | +11.4% |
| 2026 | +17.7% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 2.77% of QQQ is TSLA itself, so the fund partly moves with the stock by construction.
Are QQQ and TSLA good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and TSLA?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.63 over the last year and 0.61 over 5 years.
Is TSLA a good diversifier for QQQ?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 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-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-tsla/)
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Related comparisons
Hubs: QQQ correlations · TSLA correlations
