QQQ vs TSQ: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Townsquare Media, Inc. (TSQ) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TSQ?
On 3 years of weekly data the QQQ/TSQ correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.33 over 3. The 5-year figure is 0.35, and annualized covariance runs at 270.9 %².
By 3-year correlation, TSQ places #1238 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 31.7 points (+26.3% versus -5.4%). One caveat on sizing: TSQ is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TSQ: side by side
| QQQ (Invesco QQQ Trust) | TSQ (Townsquare Media, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -5.4% |
| 5-year return | +95.4% | -37.3% |
| Volatility (ann.) | 19.6% | 41.8% |
| Beta vs S&P 500 | 1.28 | 1.17 |
| Max drawdown (3Y) | -22.8% | -61.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 13.68% |
| 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 | TSQ |
|---|---|---|
| 2022 | -32.6% | -45.6% |
| 2023 | +54.9% | +57.3% |
| 2024 | +25.6% | -9.3% |
| 2025 | +20.8% | -37.4% |
| 2026 | +17.7% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TSQ good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TSQ?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.38 over the last year and 0.35 over 5 years.
Is TSQ a good diversifier for QQQ?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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-tsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tsq/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TSQ correlations
