QQQ vs TY: Correlation
Invesco QQQ Trust (QQQ) and Tri Continental Corporation (TY) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TY?
Across a 3-year window, the weekly returns of QQQ and TY correlate at 0.76, strong. Recent behaviour matches the longer record: 0.74 over 1 year against 0.76 over 3. Stretching to 5 years gives 0.79, with an annualized covariance of 200.0 %².
Among the 4755 assets we track against QQQ, TY ranks #45 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 15.0 percentage points (+26.3% for QQQ against +11.3% for TY).
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 TY: side by side
| QQQ (Invesco QQQ Trust) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +11.3% |
| 5-year return | +95.4% | +26.0% |
| Volatility (ann.) | 19.6% | 13.5% |
| Beta vs S&P 500 | 1.28 | 0.79 |
| Max drawdown (3Y) | -22.8% | -19.7% |
| Market cap | – | $1.9B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.44% | 3.09% |
| 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 | TY |
|---|---|---|
| 2022 | -32.6% | -19.7% |
| 2023 | +54.9% | +17.2% |
| 2024 | +25.6% | +15.0% |
| 2025 | +20.8% | +6.6% |
| 2026 | +17.7% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TY good diversifiers for each other?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between QQQ and TY?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.74 over the last year and 0.79 over 5 years.
Is TY a good diversifier for QQQ?
To a limited degree. At 0.76 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.76 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-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TY correlations
