QQQ vs TYL: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tyler Technologies (TYL) trade together? Their weekly returns over three years give a correlation of 0.26, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TYL?
Across a 3-year window, the weekly returns of QQQ and TYL correlate at 0.26, weak. Lately the two have drifted apart, with the 1-year correlation at 0.03 versus 0.26 over 3 years. Stretching to 5 years gives 0.51, with an annualized covariance of 147.7 %².
By 3-year correlation, TYL places #2047 of the 4755 assets tracked against QQQ. The last year tells two different stories: QQQ led by 60.3 percentage points, +26.3% for QQQ against -34.0% for TYL. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.05 to 0.76. One caveat on sizing: TYL is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TYL: side by side
| QQQ (Invesco QQQ Trust) | TYL (Tyler Technologies) | |
|---|---|---|
| 1-year return | +26.3% | -34.0% |
| 5-year return | +95.4% | -22.5% |
| Volatility (ann.) | 19.6% | 29.6% |
| Beta vs S&P 500 | 1.28 | 0.61 |
| Max drawdown (3Y) | -22.8% | -57.4% |
| Market cap | – | $15.1B |
| P/E (trailing) | – | 46.3 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | Information Technology |
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 | TYL |
|---|---|---|
| 2022 | -32.6% | -40.1% |
| 2023 | +54.9% | +29.7% |
| 2024 | +25.6% | +37.9% |
| 2025 | +20.8% | -21.3% |
| 2026 | +17.7% | -18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TYL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and TYL?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.03 over the last year and 0.51 over 5 years.
Is TYL a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
A reading of 0.26 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-tyl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tyl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: QQQ correlations · TYL correlations
