QQQ vs TVE: Correlation
Invesco QQQ Trust (QQQ) and Tennessee Valley Authority (TVE) show a weak relationship: their 3-year correlation of weekly returns is 0.11.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TVE?
On 3 years of weekly data the QQQ/TVE correlation comes out at 0.11, weak. The relationship has been stable: the 1-year correlation (0.10) sits close to the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 12.8 %².
Among the 4755 assets we track against QQQ, TVE ranks #3790 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 24.6 points (+26.3% versus +1.7%). One caveat on sizing: QQQ is 3.2 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 TVE: side by side
| QQQ (Invesco QQQ Trust) | TVE (Tennessee Valley Authority) | |
|---|---|---|
| 1-year return | +26.3% | +1.7% |
| 5-year return | +95.4% | +0.6% |
| Volatility (ann.) | 19.6% | 6.1% |
| Beta vs S&P 500 | 1.28 | 0.08 |
| Max drawdown (3Y) | -22.8% | -5.7% |
| Dividend yield | 0.44% | – |
| 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 | TVE |
|---|---|---|
| 2022 | -32.6% | -13.5% |
| 2023 | +54.9% | +7.2% |
| 2024 | +25.6% | +0.1% |
| 2025 | +20.8% | +12.1% |
| 2026 | +17.7% | -2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TVE good diversifiers for each other?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TVE?
The QQQ/TVE correlation stands at 0.11 on a 3-year window (1 year: 0.10, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is TVE a good diversifier for QQQ?
Yes: at 0.11, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.11 mean?
A reading of 0.11 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tve.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tve/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TVE correlations
