QQQ vs TARA: Correlation
How closely do Invesco QQQ Trust (QQQ) and Protara Therapeutics, Inc. (TARA) trade together? Their weekly returns over three years give a correlation of 0.18, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TARA?
Over the past 3 years, QQQ and TARA moved with a correlation of 0.18, which is weak. Little has changed lately, as the 1-year reading of 0.08 lands near the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 332.3 %².
By 3-year correlation, TARA places #3098 of the 4755 assets tracked against QQQ. Their 12-month results are close: +26.3% for QQQ against +23.5% for TARA. One caveat on sizing: TARA is 4.7 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 TARA: side by side
| QQQ (Invesco QQQ Trust) | TARA (Protara Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +23.5% |
| 5-year return | +95.4% | -49.9% |
| Volatility (ann.) | 19.6% | 93.1% |
| Beta vs S&P 500 | 1.28 | 1.19 |
| Max drawdown (3Y) | -22.8% | -66.5% |
| Market cap | – | $0.2B |
| 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 |
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 | TARA |
|---|---|---|
| 2022 | -32.6% | -60.3% |
| 2023 | +54.9% | -30.0% |
| 2024 | +25.6% | +181.6% |
| 2025 | +20.8% | +0.9% |
| 2026 | +17.7% | -25.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TARA good diversifiers for each other?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TARA?
The QQQ/TARA correlation stands at 0.18 on a 3-year window (1 year: 0.08, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is TARA a good diversifier for QQQ?
By historical standards, yes. A correlation of 0.18 means the two rarely move for the same reasons.
What does a correlation of 0.18 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-tara.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/qqq-vs-tara/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TARA correlations
