QQQ vs TV: Correlation
Invesco QQQ Trust (QQQ) and Grupo Televisa S.A.B. (TV) show a weak relationship: their 3-year correlation of weekly returns is 0.15.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TV?
Across a 3-year window, the weekly returns of QQQ and TV correlate at 0.15, weak. The relationship has been stable: the 1-year correlation (0.18) sits close to the 3-year figure. Stretching to 5 years gives 0.29, with an annualized covariance of 153.0 %².
By 3-year correlation, TV places #3402 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 24.1 percentage points, +26.3% for QQQ against +2.2% for TV. Note the risk asymmetry: TV 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 TV: side by side
| QQQ (Invesco QQQ Trust) | TV (Grupo Televisa S.A.B.) | |
|---|---|---|
| 1-year return | +26.3% | +2.2% |
| 5-year return | +95.4% | -72.6% |
| Volatility (ann.) | 19.6% | 52.4% |
| Beta vs S&P 500 | 1.28 | 0.69 |
| Max drawdown (3Y) | -22.8% | -59.2% |
| Market cap | – | $1.4B |
| 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 |
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 | TV |
|---|---|---|
| 2022 | -32.6% | -50.9% |
| 2023 | +54.9% | -25.2% |
| 2024 | +25.6% | -40.6% |
| 2025 | +20.8% | +81.5% |
| 2026 | +17.7% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TV good diversifiers for each other?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TV?
As of 2026-08-27, the correlation of weekly returns between QQQ and TV is 0.15 over 3 years, 0.18 over 1 year and 0.29 over 5 years.
Is TV a good diversifier for QQQ?
Yes: at 0.15, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.15 mean?
On the −1 to +1 scale, 0.15 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tv.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TV correlations
