QQQ vs TWIN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Twin Disc, Incorporated (TWIN) carry a correlation of 0.19, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TWIN?
Over the past 3 years, QQQ and TWIN moved with a correlation of 0.19, which is weak. Recent behaviour matches the longer record: 0.15 over 1 year against 0.19 over 3. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 188.7 %².
Within QQQ's tracked universe of 4755 assets, TWIN comes in at #2986 by 3-year correlation. The last year tells two different stories: TWIN led by 59.9 percentage points, +26.3% for QQQ against +86.2% for TWIN. One caveat on sizing: TWIN is 2.6 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 TWIN: side by side
| QQQ (Invesco QQQ Trust) | TWIN (Twin Disc, Incorporated) | |
|---|---|---|
| 1-year return | +26.3% | +86.2% |
| 5-year return | +95.4% | +98.7% |
| Volatility (ann.) | 19.6% | 50.6% |
| Beta vs S&P 500 | 1.28 | 0.83 |
| Max drawdown (3Y) | -22.8% | -64.4% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.44% | 0.68% |
| 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 | TWIN |
|---|---|---|
| 2022 | -32.6% | -11.3% |
| 2023 | +54.9% | +66.7% |
| 2024 | +25.6% | -26.4% |
| 2025 | +20.8% | +44.4% |
| 2026 | +17.7% | +41.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TWIN good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TWIN?
Using weekly returns as of 2026-08-27: 0.19 over 3 years, with 0.15 over the last year and 0.25 over 5 years.
Is TWIN a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 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-twin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-twin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TWIN correlations
