CRT vs QQQ: Correlation
How closely do Cross Timbers Royalty Trust (CRT) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of -0.05, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRT and QQQ?
On 3 years of weekly data the CRT/QQQ correlation comes out at -0.05, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.28) runs below the 3-year figure (-0.05). The 5-year figure is 0.04, and annualized covariance runs at -37.4 %².
Out of 11 assets tracked against CRT, QQQ lands near the bottom at #7. Twelve-month performance is nearly a tie, at +29.0% for CRT and +26.3% for QQQ. One caveat on sizing: CRT is 1.9 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.
CRT vs QQQ: side by side
| CRT (Cross Timbers Royalty Trust) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +29.0% | +26.3% |
| 5-year return | +30.9% | +95.4% |
| Volatility (ann.) | 36.4% | 19.6% |
| Beta vs S&P 500 | 0.11 | 1.28 |
| Max drawdown (3Y) | -63.5% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | 19.8 | – |
| Dividend yield | 5.05% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
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 | CRT | QQQ |
|---|---|---|
| 2022 | +145.9% | -32.6% |
| 2023 | -24.4% | +54.9% |
| 2024 | -39.1% | +25.6% |
| 2025 | -13.1% | +20.8% |
| 2026 | +36.2% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRT and QQQ good diversifiers for each other?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CRT and QQQ?
As of 2026-08-27, the correlation of weekly returns between CRT and QQQ is -0.05 over 3 years, -0.28 over 1 year and 0.04 over 5 years.
Is QQQ a good diversifier for CRT?
Yes: at -0.05, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.05 mean?
On the −1 to +1 scale, -0.05 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crt-vs-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/crt-vs-qqq/)
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Related comparisons
Hubs: CRT correlations · QQQ correlations
