QQQ vs TFIN: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Triumph Financial, Inc. (TFIN) carry a correlation of 0.35, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TFIN?
On 3 years of weekly data the QQQ/TFIN correlation comes out at 0.35, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.21 versus 0.35 over 3 years. The 5-year figure is 0.43, and annualized covariance runs at 288.2 %².
Among the 4755 assets we track against QQQ, TFIN ranks #1052 by 3-year correlation. The trailing year gives QQQ the advantage: +26.3% versus +15.5%, a 10.8-point spread. Note the risk asymmetry: TFIN runs 2.2 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 TFIN: side by side
| QQQ (Invesco QQQ Trust) | TFIN (Triumph Financial, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +15.5% |
| 5-year return | +95.4% | -12.0% |
| Volatility (ann.) | 19.6% | 42.5% |
| Beta vs S&P 500 | 1.28 | 1.30 |
| Max drawdown (3Y) | -22.8% | -57.6% |
| Market cap | – | $1.7B |
| P/E (trailing) | – | 49.6 |
| 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 | TFIN |
|---|---|---|
| 2022 | -32.6% | -59.0% |
| 2023 | +54.9% | +64.1% |
| 2024 | +25.6% | +13.3% |
| 2025 | +20.8% | -31.1% |
| 2026 | +17.7% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TFIN good diversifiers for each other?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between QQQ and TFIN?
The QQQ/TFIN correlation stands at 0.35 on a 3-year window (1 year: 0.21, 5 years: 0.43), computed from weekly returns as of 2026-08-27.
Is TFIN a good diversifier for QQQ?
A fair diversifier. At 0.35, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.35 mean?
On the −1 to +1 scale, 0.35 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.
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Related comparisons
Hubs: QQQ correlations · TFIN correlations
