QQQ vs TXT: Correlation
Invesco QQQ Trust (QQQ) and Textron (TXT) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TXT?
Over the past 3 years, QQQ and TXT moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.13 versus 0.38 over 3 years. Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 188.1 %².
Among the 4755 assets we track against QQQ, TXT ranks #801 by 3-year correlation. The last year tells two different stories: QQQ led by 25.6 percentage points, +26.3% for QQQ against +0.7% for TXT. This link changes with the market regime, having swung between 0.09 and 0.68 on a rolling one-year basis.
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 TXT: side by side
| QQQ (Invesco QQQ Trust) | TXT (Textron) | |
|---|---|---|
| 1-year return | +26.3% | +0.7% |
| 5-year return | +95.4% | +15.1% |
| Volatility (ann.) | 19.6% | 25.4% |
| Beta vs S&P 500 | 1.28 | 0.89 |
| Max drawdown (3Y) | -22.8% | -37.3% |
| Market cap | – | $14.2B |
| P/E (trailing) | – | 15.7 |
| Dividend yield | 0.44% | 0.10% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Industrials |
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 | TXT |
|---|---|---|
| 2022 | -32.6% | -8.2% |
| 2023 | +54.9% | +13.7% |
| 2024 | +25.6% | -4.8% |
| 2025 | +20.8% | +14.1% |
| 2026 | +17.7% | -5.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TXT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TXT?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.13 over the last year and 0.46 over 5 years.
Is TXT a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.38 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.38 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-txt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-txt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TXT correlations
