QQQ vs THCH: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and TH International Limited (THCH) carry a correlation of 0.05, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and THCH?
On 3 years of weekly data the QQQ/THCH correlation comes out at 0.05, near zero, meaning they move largely independently. Lately the two have moved closer together, with the 1-year correlation at 0.22 versus 0.05 over 3 years. The 5-year figure is 0.08, and annualized covariance runs at 58.7 %².
Within QQQ's tracked universe of 4755 assets, THCH comes in at #4226 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 74.9 points (+26.3% versus -48.6%). Note the risk asymmetry: THCH runs 3.3 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 THCH: side by side
| QQQ (Invesco QQQ Trust) | THCH (TH International Limited) | |
|---|---|---|
| 1-year return | +26.3% | -48.6% |
| 5-year return | +95.4% | -97.4% |
| Volatility (ann.) | 19.6% | 64.2% |
| Beta vs S&P 500 | 1.28 | 0.34 |
| Max drawdown (3Y) | -22.8% | -90.7% |
| Market cap | – | – |
| 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 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 | QQQ | THCH |
|---|---|---|
| 2022 | -32.6% | -71.7% |
| 2023 | +54.9% | -37.1% |
| 2024 | +25.6% | -59.4% |
| 2025 | +20.8% | -29.9% |
| 2026 | +17.7% | -49.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and THCH good diversifiers for each other?
Yes. With a correlation of 0.05, QQQ and THCH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and THCH?
As of 2026-08-27, the correlation of weekly returns between QQQ and THCH is 0.05 over 3 years, 0.22 over 1 year and 0.08 over 5 years.
Is THCH a good diversifier for QQQ?
Yes. With a correlation of 0.05, QQQ and THCH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
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/qqq-vs-thch.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-thch/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · THCH correlations
