QQQ vs TWAV: Correlation
Invesco QQQ Trust (QQQ) and TaoWeave, Inc. (TWAV) show a weak relationship: their 3-year correlation of weekly returns is 0.24.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TWAV?
Over the past 3 years, QQQ and TWAV moved with a correlation of 0.24, which is weak. Recent behaviour matches the longer record: 0.17 over 1 year against 0.24 over 3. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 514.4 %².
By 3-year correlation, TWAV places #2330 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 83.1 points (+26.3% versus -56.8%). Note the risk asymmetry: TWAV runs 5.6 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 TWAV: side by side
| QQQ (Invesco QQQ Trust) | TWAV (TaoWeave, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -56.8% |
| 5-year return | +95.4% | -99.9% |
| Volatility (ann.) | 19.6% | 108.8% |
| Beta vs S&P 500 | 1.28 | 1.85 |
| Max drawdown (3Y) | -22.8% | -97.8% |
| 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, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TWAV |
|---|---|---|
| 2022 | -32.6% | -88.3% |
| 2023 | +54.9% | -88.9% |
| 2024 | +25.6% | -51.5% |
| 2025 | +20.8% | -53.4% |
| 2026 | +17.7% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TWAV good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TWAV?
The QQQ/TWAV correlation stands at 0.24 on a 3-year window (1 year: 0.17, 5 years: 0.24), computed from weekly returns as of 2026-08-27.
Is TWAV a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.24 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.24 mean?
On the −1 to +1 scale, 0.24 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.
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Related comparisons
Hubs: QQQ correlations · TWAV correlations
