QQQ vs TDUP: Correlation
Invesco QQQ Trust (QQQ) and ThredUp Inc. (TDUP) show a weak relationship: their 3-year correlation of weekly returns is 0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TDUP?
Over the past 3 years, QQQ and TDUP moved with a correlation of 0.29, which is weak. The relationship has been stable: the 1-year correlation (0.19) sits close to the 3-year figure. Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 664.3 %².
Among the 4755 assets we track against QQQ, TDUP ranks #1665 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 103.0 percentage points (+26.3% for QQQ against -76.7% for TDUP). Risk is not evenly split, since TDUP carries 6.0 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.
QQQ vs TDUP: side by side
| QQQ (Invesco QQQ Trust) | TDUP (ThredUp Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -76.7% |
| 5-year return | +95.4% | -86.2% |
| Volatility (ann.) | 19.6% | 117.6% |
| Beta vs S&P 500 | 1.28 | 2.72 |
| Max drawdown (3Y) | -22.8% | -87.2% |
| Market cap | – | $0.4B |
| 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 | TDUP |
|---|---|---|
| 2022 | -32.6% | -89.7% |
| 2023 | +54.9% | +71.8% |
| 2024 | +25.6% | -38.2% |
| 2025 | +20.8% | +359.7% |
| 2026 | +17.7% | -58.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TDUP good diversifiers for each other?
Reasonably. At 0.29, QQQ and TDUP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TDUP?
As of 2026-08-27, the correlation of weekly returns between QQQ and TDUP is 0.29 over 3 years, 0.19 over 1 year and 0.27 over 5 years.
Is TDUP a good diversifier for QQQ?
Reasonably. At 0.29, QQQ and TDUP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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/qqq-vs-tdup.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-tdup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · TDUP correlations
