QQQ vs TXNM: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TXNM Energy, Inc. (TXNM) carry a correlation of 0.01, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TXNM?
Across a 3-year window, the weekly returns of QQQ and TXNM correlate at 0.01, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.16 versus 0.01 over 3 years. Stretching to 5 years gives 0.10, with an annualized covariance of 4.3 %².
Among the 4755 assets we track against QQQ, TXNM ranks #4448 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 21.8 percentage points (+26.3% for QQQ against +4.5% for TXNM).
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 TXNM: side by side
| QQQ (Invesco QQQ Trust) | TXNM (TXNM Energy, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +4.5% |
| 5-year return | +95.4% | +36.1% |
| Volatility (ann.) | 19.6% | 17.1% |
| Beta vs S&P 500 | 1.28 | 0.10 |
| Max drawdown (3Y) | -22.8% | -21.0% |
| Market cap | – | $5.9B |
| P/E (trailing) | – | 31.4 |
| Dividend yield | 0.44% | 2.91% |
| 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 | TXNM |
|---|---|---|
| 2022 | -32.6% | +10.2% |
| 2023 | +54.9% | -12.0% |
| 2024 | +25.6% | +23.0% |
| 2025 | +20.8% | +23.4% |
| 2026 | +17.7% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TXNM good diversifiers for each other?
Yes. With a correlation of 0.01, QQQ and TXNM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TXNM?
Using weekly returns as of 2026-08-27: 0.01 over 3 years, with -0.16 over the last year and 0.10 over 5 years.
Is TXNM a good diversifier for QQQ?
Yes. With a correlation of 0.01, QQQ and TXNM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.01 mean?
A reading of 0.01 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-txnm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-txnm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TXNM correlations
