QQQ vs TTMI: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TTM Technologies, Inc. (TTMI) carry a correlation of 0.53, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TTMI?
On 3 years of weekly data the QQQ/TTMI correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. The 5-year figure is 0.50, and annualized covariance runs at 630.6 %².
By 3-year correlation, TTMI places #227 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months TTMI outperformed by 154.0 percentage points (+26.3% for QQQ against +180.3% for TTMI). One caveat on sizing: TTMI is 3.1 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 TTMI: side by side
| QQQ (Invesco QQQ Trust) | TTMI (TTM Technologies, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +180.3% |
| 5-year return | +95.4% | +785.9% |
| Volatility (ann.) | 19.6% | 60.7% |
| Beta vs S&P 500 | 1.28 | 2.23 |
| Max drawdown (3Y) | -22.8% | -54.0% |
| Market cap | – | $13.1B |
| P/E (trailing) | – | 54.9 |
| 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 | TTMI |
|---|---|---|
| 2022 | -32.6% | +1.2% |
| 2023 | +54.9% | +4.8% |
| 2024 | +25.6% | +56.5% |
| 2025 | +20.8% | +178.8% |
| 2026 | +17.7% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TTMI good diversifiers for each other?
Only partially. A correlation of 0.53 means QQQ and TTMI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between QQQ and TTMI?
As of 2026-08-27, the correlation of weekly returns between QQQ and TTMI is 0.53 over 3 years, 0.46 over 1 year and 0.50 over 5 years.
Is TTMI a good diversifier for QQQ?
Only partially. A correlation of 0.53 means QQQ and TTMI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · TTMI correlations
