QQQ vs TYG: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tortoise Energy Infrastructure Corporation (TYG) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TYG?
Across a 3-year window, the weekly returns of QQQ and TYG correlate at 0.18, weak. The link has loosened recently: the 1-year correlation (-0.22) runs below the 3-year figure (0.18). Stretching to 5 years gives 0.27, with an annualized covariance of 76.4 %².
Within QQQ's tracked universe of 4755 assets, TYG comes in at #3107 by 3-year correlation. On 12-month performance QQQ holds a 12.2-point edge, +26.3% against +14.1%.
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 TYG: side by side
| QQQ (Invesco QQQ Trust) | TYG (Tortoise Energy Infrastructure Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +14.1% |
| 5-year return | +95.4% | +162.5% |
| Volatility (ann.) | 19.6% | 21.2% |
| Beta vs S&P 500 | 1.28 | 0.45 |
| Max drawdown (3Y) | -22.8% | -25.1% |
| Market cap | – | – |
| P/E (trailing) | – | 6.0 |
| Dividend yield | 0.44% | 11.89% |
| 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 | TYG |
|---|---|---|
| 2022 | -32.6% | +24.2% |
| 2023 | +54.9% | -0.4% |
| 2024 | +25.6% | +60.2% |
| 2025 | +20.8% | +8.5% |
| 2026 | +17.7% | +15.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TYG good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TYG?
Using weekly returns as of 2026-08-27: 0.18 over 3 years, with -0.22 over the last year and 0.27 over 5 years.
Is TYG a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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.
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Related comparisons
Hubs: QQQ correlations · TYG correlations
