QQQ vs TVC: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tennessee Valley Authority (TVC) trade together? Their weekly returns over three years give a correlation of 0.10, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TVC?
On 3 years of weekly data the QQQ/TVC correlation comes out at 0.10, weak. The relationship has been stable: the 1-year correlation (0.20) sits close to the 3-year figure. The 5-year figure is 0.20, and annualized covariance runs at 10.6 %².
Among the 4755 assets we track against QQQ, TVC ranks #3866 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 23.0 points (+26.3% versus +3.3%). Risk is not evenly split, since QQQ carries 3.6 times the volatility of the other side.
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 TVC: side by side
| QQQ (Invesco QQQ Trust) | TVC (Tennessee Valley Authority) | |
|---|---|---|
| 1-year return | +26.3% | +3.3% |
| 5-year return | +95.4% | +3.0% |
| Volatility (ann.) | 19.6% | 5.5% |
| Beta vs S&P 500 | 1.28 | 0.06 |
| Max drawdown (3Y) | -22.8% | -5.1% |
| 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 |
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 | TVC |
|---|---|---|
| 2022 | -32.6% | -13.3% |
| 2023 | +54.9% | +6.5% |
| 2024 | +25.6% | -0.5% |
| 2025 | +20.8% | +9.2% |
| 2026 | +17.7% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TVC good diversifiers for each other?
Yes. With a correlation of 0.10, QQQ and TVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TVC?
As of 2026-08-27, the correlation of weekly returns between QQQ and TVC is 0.10 over 3 years, 0.20 over 1 year and 0.20 over 5 years.
Is TVC a good diversifier for QQQ?
Yes. With a correlation of 0.10, QQQ and TVC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.10 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-tvc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-tvc/)
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Related comparisons
Hubs: QQQ correlations · TVC correlations
