QQQ vs TTE: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TotalEnergies SE (TTE) carry a correlation of -0.02, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TTE?
On 3 years of weekly data the QQQ/TTE correlation comes out at -0.02, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.30) runs below the 3-year figure (-0.02). The 5-year figure is 0.08, and annualized covariance runs at -7.5 %².
Within QQQ's tracked universe of 4755 assets, TTE comes in at #4566 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TTE outperformed by 18.7 percentage points (+26.3% for QQQ against +45.0% for TTE).
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 TTE: side by side
| QQQ (Invesco QQQ Trust) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | +26.3% | +45.0% |
| 5-year return | +95.4% | +156.2% |
| Volatility (ann.) | 19.6% | 21.8% |
| Beta vs S&P 500 | 1.28 | 0.09 |
| Max drawdown (3Y) | -22.8% | -26.2% |
| Market cap | – | $191.0B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 0.44% | 4.65% |
| 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 | TTE |
|---|---|---|
| 2022 | -32.6% | +34.6% |
| 2023 | +54.9% | +14.2% |
| 2024 | +25.6% | -14.7% |
| 2025 | +20.8% | +27.5% |
| 2026 | +17.7% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TTE good diversifiers for each other?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TTE?
As of 2026-08-27, the correlation of weekly returns between QQQ and TTE is -0.02 over 3 years, -0.30 over 1 year and 0.08 over 5 years.
Is TTE a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.02 means the two rarely move for the same reasons.
What does a correlation of -0.02 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-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TTE correlations
