QQQ vs TXMD: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TherapeuticsMD, Inc. (TXMD) carry a correlation of 0.20, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TXMD?
Over the past 3 years, QQQ and TXMD moved with a correlation of 0.20, which is weak. The past 12 months show a weaker link (0.01) than the 3-year average (0.20). Over 5 years the correlation is 0.07, and the annualized covariance of weekly returns is 287.9 %².
Among the 4755 assets we track against QQQ, TXMD ranks #2862 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TXMD ahead by 71.9 points (+26.3% versus +98.2%). Note the risk asymmetry: TXMD runs 3.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TXMD: side by side
| QQQ (Invesco QQQ Trust) | TXMD (TherapeuticsMD, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +98.2% |
| 5-year return | +95.4% | -94.4% |
| Volatility (ann.) | 19.6% | 73.0% |
| Beta vs S&P 500 | 1.28 | 1.30 |
| Max drawdown (3Y) | -22.8% | -81.2% |
| Market cap | – | – |
| 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 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 | TXMD |
|---|---|---|
| 2022 | -32.6% | -68.9% |
| 2023 | +54.9% | -59.7% |
| 2024 | +25.6% | -61.8% |
| 2025 | +20.8% | +89.5% |
| 2026 | +17.7% | +36.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TXMD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TXMD?
The QQQ/TXMD correlation stands at 0.20 on a 3-year window (1 year: 0.01, 5 years: 0.07), computed from weekly returns as of 2026-08-27.
Is TXMD a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.20 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.20 mean?
On the −1 to +1 scale, 0.20 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-txmd.json
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Related comparisons
Hubs: QQQ correlations · TXMD correlations
