QQQ vs TULP: Correlation
Invesco QQQ Trust (QQQ) and Bloomia Holdings, Inc. (TULP) show a near-zero relationship: their 3-year correlation of weekly returns is 0.03.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TULP?
On 3 years of weekly data the QQQ/TULP correlation comes out at 0.03, near zero, meaning they move largely independently. The relationship has been stable: the 1-year correlation (0.04) sits close to the 3-year figure. The 5-year figure is 0.13, and annualized covariance runs at 26.5 %².
By 3-year correlation, TULP places #4343 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 66.7 percentage points (+26.3% for QQQ against -40.4% for TULP). Note the risk asymmetry: TULP runs 2.7 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 TULP: side by side
| QQQ (Invesco QQQ Trust) | TULP (Bloomia Holdings, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -40.4% |
| 5-year return | +95.4% | -59.8% |
| Volatility (ann.) | 19.6% | 52.9% |
| Beta vs S&P 500 | 1.28 | 0.08 |
| Max drawdown (3Y) | -22.8% | -53.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| 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 | TULP |
|---|---|---|
| 2022 | -32.6% | -66.2% |
| 2023 | +54.9% | -41.0% |
| 2024 | +25.6% | +5.2% |
| 2025 | +20.8% | -28.9% |
| 2026 | +17.7% | -1.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TULP good diversifiers for each other?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TULP?
The QQQ/TULP correlation stands at 0.03 on a 3-year window (1 year: 0.04, 5 years: 0.13), computed from weekly returns as of 2026-08-27.
Is TULP a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.03 means the two rarely move for the same reasons.
What does a correlation of 0.03 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-tulp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tulp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TULP correlations
