QQQ vs TYGO: Correlation
Invesco QQQ Trust (QQQ) and Tigo Energy, Inc. (TYGO) show a near-zero relationship: their 3-year correlation of weekly returns is 0.09.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TYGO?
Across a 3-year window, the weekly returns of QQQ and TYGO correlate at 0.09, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.03) runs below the 3-year figure (0.09). Stretching to 5 years gives 0.08, with an annualized covariance of 186.3 %².
Among the 4755 assets we track against QQQ, TYGO ranks #3935 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 44.7 percentage points (+26.3% for QQQ against -18.4% for TYGO). Note the risk asymmetry: TYGO runs 5.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TYGO: side by side
| QQQ (Invesco QQQ Trust) | TYGO (Tigo Energy, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -18.4% |
| 5-year return | +95.4% | -88.7% |
| Volatility (ann.) | 19.6% | 100.4% |
| Beta vs S&P 500 | 1.28 | 0.62 |
| Max drawdown (3Y) | -22.8% | -94.1% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 6.9 |
| Dividend yield | 0.44% | 0.00% |
| 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 | TYGO |
|---|---|---|
| 2022 | -32.6% | +3.0% |
| 2023 | +54.9% | -79.5% |
| 2024 | +25.6% | -52.9% |
| 2025 | +20.8% | +40.1% |
| 2026 | +17.7% | -19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TYGO good diversifiers for each other?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TYGO?
As of 2026-08-27, the correlation of weekly returns between QQQ and TYGO is 0.09 over 3 years, -0.03 over 1 year and 0.08 over 5 years.
Is TYGO a good diversifier for QQQ?
Yes: at 0.09, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.09 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.
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Hubs: QQQ correlations · TYGO correlations
