QQQ vs TXG: Correlation
How closely do Invesco QQQ Trust (QQQ) and 10x Genomics, Inc. (TXG) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TXG?
Over the past 3 years, QQQ and TXG moved with a correlation of 0.28, which is weak. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.28 over 3 years. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 347.9 %².
By 3-year correlation, TXG places #1785 of the 4755 assets tracked against QQQ. The last year tells two different stories: TXG led by 336.3 percentage points, +26.3% for QQQ against +362.6% for TXG. Risk is not evenly split, since TXG carries 3.3 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 TXG: side by side
| QQQ (Invesco QQQ Trust) | TXG (10x Genomics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +362.6% |
| 5-year return | +95.4% | -62.7% |
| Volatility (ann.) | 19.6% | 64.3% |
| Beta vs S&P 500 | 1.28 | 1.55 |
| Max drawdown (3Y) | -22.8% | -87.6% |
| Market cap | – | $8.4B |
| 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 |
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 | TXG |
|---|---|---|
| 2022 | -32.6% | -75.5% |
| 2023 | +54.9% | +53.6% |
| 2024 | +25.6% | -74.3% |
| 2025 | +20.8% | +13.6% |
| 2026 | +17.7% | +297.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TXG good diversifiers for each other?
Reasonably. At 0.28, QQQ and TXG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TXG?
The QQQ/TXG correlation stands at 0.28 on a 3-year window (1 year: 0.14, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is TXG a good diversifier for QQQ?
Reasonably. At 0.28, QQQ and TXG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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-txg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-txg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TXG correlations
