QQQ vs QTRX: Correlation
Invesco QQQ Trust (QQQ) and Quanterix Corporation (QTRX) show a weak relationship: their 3-year correlation of weekly returns is 0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and QTRX?
On 3 years of weekly data the QQQ/QTRX correlation comes out at 0.14, weak. Lately the two have drifted apart, with the 1-year correlation at 0.02 versus 0.14 over 3 years. The 5-year figure is 0.26, and annualized covariance runs at 204.3 %².
Among the 4755 assets we track against QQQ, QTRX ranks #3482 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 69.0 points (+26.3% versus -42.7%). Note the risk asymmetry: QTRX runs 3.7 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 QTRX: side by side
| QQQ (Invesco QQQ Trust) | QTRX (Quanterix Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -42.7% |
| 5-year return | +95.4% | -94.7% |
| Volatility (ann.) | 19.6% | 73.1% |
| Beta vs S&P 500 | 1.28 | 1.18 |
| Max drawdown (3Y) | -22.8% | -91.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
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 | QTRX |
|---|---|---|
| 2022 | -32.6% | -67.3% |
| 2023 | +54.9% | +97.4% |
| 2024 | +25.6% | -61.1% |
| 2025 | +20.8% | -40.2% |
| 2026 | +17.7% | -58.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and QTRX good diversifiers for each other?
Yes. With a correlation of 0.14, QQQ and QTRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and QTRX?
The QQQ/QTRX correlation stands at 0.14 on a 3-year window (1 year: 0.02, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is QTRX a good diversifier for QQQ?
Yes. With a correlation of 0.14, QQQ and QTRX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 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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Related comparisons
Hubs: QQQ correlations · QTRX correlations
