QUAL vs TBCH: Correlation
iShares MSCI USA Quality Factor ETF (QUAL) and Turtle Beach Corporation (TBCH) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QUAL and TBCH?
Over the past 3 years, QUAL and TBCH moved with a correlation of 0.54, which is moderate. The relationship has been stable: the 1-year correlation (0.55) sits close to the 3-year figure. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 436.1 %².
Among the 106 assets we track against QUAL, TBCH ranks #60 by 3-year correlation. The last year tells two different stories: QUAL led by 36.3 percentage points, +19.7% for QUAL against -16.6% for TBCH. Risk is not evenly split, since TBCH carries 4.1 times the volatility of the other side.
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.
QUAL vs TBCH: side by side
| QUAL (iShares MSCI USA Quality Factor ETF) | TBCH (Turtle Beach Corporation) | |
|---|---|---|
| 1-year return | +19.7% | -16.6% |
| 5-year return | +68.0% | -55.7% |
| Volatility (ann.) | 14.0% | 57.8% |
| Beta vs S&P 500 | 0.93 | 2.21 |
| Max drawdown (3Y) | -18.0% | -51.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.86% | 0.00% |
| Expense ratio | 0.15% | – |
| Assets under management | $46.5B | – |
| Sector / category | ETF · US Style | US Listed |
On the fund side, QUAL sits in the Large Blend category at iShares, with $46.5B under management, 123 holdings, a 0.15% expense ratio, a 0.86% trailing dividend yield.
Year-by-year returns
| Year | QUAL | TBCH |
|---|---|---|
| 2022 | -20.5% | -67.8% |
| 2023 | +30.9% | +52.7% |
| 2024 | +22.3% | +58.1% |
| 2025 | +12.7% | -18.9% |
| 2026 | +13.5% | -7.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QUAL and TBCH good diversifiers for each other?
To a limited degree. At 0.54 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 QUAL and TBCH?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.55 over the last year and 0.48 over 5 years.
Is TBCH a good diversifier for QUAL?
To a limited degree. At 0.54 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 0.54 mean?
A reading of 0.54 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/qual-vs-tbch.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qual-vs-tbch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QUAL correlations · TBCH correlations
