QQQ vs TTI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tetra Technologies, Inc. (TTI) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TTI?
Over the past 3 years, QQQ and TTI moved with a correlation of 0.18, which is weak. The relationship has been stable: the 1-year correlation (0.21) sits close to the 3-year figure. Over 5 years the correlation is 0.21, and the annualized covariance of weekly returns is 206.1 %².
Within QQQ's tracked universe of 4755 assets, TTI comes in at #3106 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TTI ahead by 27.4 points (+26.3% versus +53.7%). Note the risk asymmetry: TTI runs 3.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TTI: side by side
| QQQ (Invesco QQQ Trust) | TTI (Tetra Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +53.7% |
| 5-year return | +95.4% | +123.5% |
| Volatility (ann.) | 19.6% | 59.6% |
| Beta vs S&P 500 | 1.28 | 0.96 |
| Max drawdown (3Y) | -22.8% | -67.4% |
| Market cap | – | $1.0B |
| P/E (trailing) | – | 173.2 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TTI |
|---|---|---|
| 2022 | -32.6% | +21.8% |
| 2023 | +54.9% | +30.6% |
| 2024 | +25.6% | -20.8% |
| 2025 | +20.8% | +161.7% |
| 2026 | +17.7% | -26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TTI good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TTI?
As of 2026-08-27, the correlation of weekly returns between QQQ and TTI is 0.18 over 3 years, 0.21 over 1 year and 0.21 over 5 years.
Is TTI a good diversifier for QQQ?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 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-tti.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tti/)
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Related comparisons
Hubs: QQQ correlations · TTI correlations
