QQQ vs TZOO: Correlation
Invesco QQQ Trust (QQQ) and Travelzoo (TZOO) show a weak relationship: their 3-year correlation of weekly returns is 0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TZOO?
Over the past 3 years, QQQ and TZOO moved with a correlation of 0.21, which is weak. The relationship has been stable: the 1-year correlation (0.29) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 258.7 %².
By 3-year correlation, TZOO places #2741 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 58.1 percentage points (+26.3% for QQQ against -31.8% for TZOO). Note the risk asymmetry: TZOO runs 3.2 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 TZOO: side by side
| QQQ (Invesco QQQ Trust) | TZOO (Travelzoo) | |
|---|---|---|
| 1-year return | +26.3% | -31.8% |
| 5-year return | +95.4% | -45.0% |
| Volatility (ann.) | 19.6% | 62.1% |
| Beta vs S&P 500 | 1.28 | 0.99 |
| Max drawdown (3Y) | -22.8% | -78.8% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 111.0 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TZOO |
|---|---|---|
| 2022 | -32.6% | -52.8% |
| 2023 | +54.9% | +114.2% |
| 2024 | +25.6% | +109.3% |
| 2025 | +20.8% | -64.3% |
| 2026 | +17.7% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TZOO good diversifiers for each other?
Reasonably. At 0.21, QQQ and TZOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TZOO?
As of 2026-08-27, the correlation of weekly returns between QQQ and TZOO is 0.21 over 3 years, 0.29 over 1 year and 0.27 over 5 years.
Is TZOO a good diversifier for QQQ?
Reasonably. At 0.21, QQQ and TZOO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.21 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-tzoo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tzoo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TZOO correlations
