QQQ vs TXN: Correlation
How closely do Invesco QQQ Trust (QQQ) and Texas Instruments (TXN) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TXN?
Over the past 3 years, QQQ and TXN moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 364.8 %².
Within QQQ's tracked universe of 4755 assets, TXN comes in at #213 by 3-year correlation. On 12-month performance TXN holds a 6.8-point edge, +26.3% against +33.1%. The rolling one-year correlation moved between 0.34 and 0.74 over the past three years, a moderate range. Risk is not evenly split, since TXN carries 1.7 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 TXN: side by side
| QQQ (Invesco QQQ Trust) | TXN (Texas Instruments) | |
|---|---|---|
| 1-year return | +26.3% | +33.1% |
| 5-year return | +95.4% | +60.4% |
| Volatility (ann.) | 19.6% | 34.3% |
| Beta vs S&P 500 | 1.28 | 1.28 |
| Max drawdown (3Y) | -22.8% | -33.4% |
| Market cap | – | $243.4B |
| P/E (trailing) | – | 40.6 |
| Dividend yield | 0.44% | 2.15% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Information Technology |
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 | TXN |
|---|---|---|
| 2022 | -32.6% | -9.9% |
| 2023 | +54.9% | +6.4% |
| 2024 | +25.6% | +13.1% |
| 2025 | +20.8% | -4.5% |
| 2026 | +17.7% | +56.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that QQQ holds TXN at a 1.06% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are QQQ and TXN good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between QQQ and TXN?
As of 2026-08-27, the correlation of weekly returns between QQQ and TXN is 0.54 over 3 years, 0.51 over 1 year and 0.59 over 5 years.
Is TXN a good diversifier for QQQ?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · TXN correlations
