QQQ vs TWFG: Correlation
Invesco QQQ Trust (QQQ) and TWFG, Inc. (TWFG) 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 TWFG?
Across a 3-year window, the weekly returns of QQQ and TWFG correlate at 0.03, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.05 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 26.4 %².
Among the 4755 assets we track against QQQ, TWFG ranks #4345 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 21.7 percentage points (+26.3% for QQQ against +4.6% for TWFG). Note the risk asymmetry: TWFG runs 2.2 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 TWFG: side by side
| QQQ (Invesco QQQ Trust) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +4.6% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 43.1% |
| Beta vs S&P 500 | 1.28 | 0.36 |
| Max drawdown (3Y) | -22.8% | -52.7% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 52.2 |
| 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 | TWFG |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -6.6% |
| 2026 | +17.7% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TWFG 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 TWFG?
As of 2026-08-27, the correlation of weekly returns between QQQ and TWFG is 0.03 over 3 years, 0.05 over 1 year and n/a over 5 years.
Is TWFG 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?
On the −1 to +1 scale, 0.03 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 · TWFG correlations
