QQQ vs TWLO: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Twilio Inc. (TWLO) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TWLO?
Over the past 3 years, QQQ and TWLO moved with a correlation of 0.37, which is moderate. Recent behaviour matches the longer record: 0.29 over 1 year against 0.37 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 373.4 %².
Among the 4755 assets we track against QQQ, TWLO ranks #880 by 3-year correlation. The last year tells two different stories: TWLO led by 107.7 percentage points, +26.3% for QQQ against +134.0% for TWLO. Risk is not evenly split, since TWLO carries 2.7 times the volatility of the other side.
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 TWLO: side by side
| QQQ (Invesco QQQ Trust) | TWLO (Twilio Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +134.0% |
| 5-year return | +95.4% | -34.2% |
| Volatility (ann.) | 19.6% | 52.0% |
| Beta vs S&P 500 | 1.28 | 1.38 |
| Max drawdown (3Y) | -22.8% | -45.2% |
| Market cap | – | $37.1B |
| P/E (trailing) | – | 33.3 |
| 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 | TWLO |
|---|---|---|
| 2022 | -32.6% | -81.4% |
| 2023 | +54.9% | +55.0% |
| 2024 | +25.6% | +42.5% |
| 2025 | +20.8% | +31.6% |
| 2026 | +17.7% | +69.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TWLO good diversifiers for each other?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TWLO?
The QQQ/TWLO correlation stands at 0.37 on a 3-year window (1 year: 0.29, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is TWLO a good diversifier for QQQ?
A fair diversifier. At 0.37, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-twlo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-twlo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TWLO correlations
