QQQ vs TWG: Correlation
Invesco QQQ Trust (QQQ) and Top Wealth Group Holding Limited - Class A (TWG) 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 TWG?
On 3 years of weekly data the QQQ/TWG correlation comes out at 0.03, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of 0.06 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 140.7 %².
Within QQQ's tracked universe of 4755 assets, TWG comes in at #4346 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 115.9 points (+26.3% versus -89.6%). One caveat on sizing: TWG is 12.7 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 TWG: side by side
| QQQ (Invesco QQQ Trust) | TWG (Top Wealth Group Holding Limited - Class A) | |
|---|---|---|
| 1-year return | +26.3% | -89.6% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 248.4% |
| Beta vs S&P 500 | 1.28 | 0.99 |
| Max drawdown (3Y) | -22.8% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | 4.2 |
| 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 | TWG |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | – |
| 2025 | +20.8% | -86.8% |
| 2026 | +17.7% | -83.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TWG good diversifiers for each other?
Yes. With a correlation of 0.03, QQQ and TWG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TWG?
Using weekly returns as of 2026-08-27: 0.03 over 3 years, with 0.06 over the last year and n/a over 5 years.
Is TWG a good diversifier for QQQ?
Yes. With a correlation of 0.03, QQQ and TWG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.03 mean?
A reading of 0.03 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-twg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-twg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TWG correlations
