QQQ vs TWI: Correlation
How closely do Invesco QQQ Trust (QQQ) and Titan International, Inc. (DE) (TWI) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TWI?
Over the past 3 years, QQQ and TWI moved with a correlation of 0.30, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.08 versus 0.30 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 279.4 %².
By 3-year correlation, TWI places #1543 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 49.2 points (+26.3% versus -22.9%). One caveat on sizing: TWI is 2.4 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 TWI: side by side
| QQQ (Invesco QQQ Trust) | TWI (Titan International, Inc. (DE)) | |
|---|---|---|
| 1-year return | +26.3% | -22.9% |
| 5-year return | +95.4% | -16.4% |
| Volatility (ann.) | 19.6% | 48.0% |
| Beta vs S&P 500 | 1.28 | 1.38 |
| Max drawdown (3Y) | -22.8% | -58.5% |
| Market cap | – | $0.5B |
| 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 | TWI |
|---|---|---|
| 2022 | -32.6% | +39.8% |
| 2023 | +54.9% | -2.9% |
| 2024 | +25.6% | -54.4% |
| 2025 | +20.8% | +15.3% |
| 2026 | +17.7% | -10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TWI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TWI?
The QQQ/TWI correlation stands at 0.30 on a 3-year window (1 year: 0.08, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is TWI a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.30 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-twi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-twi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TWI correlations
