QQQ vs THFF: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and First Financial Corporation (THFF) carry a correlation of 0.28, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and THFF?
On 3 years of weekly data the QQQ/THFF correlation comes out at 0.28, weak. The past 12 months show a weaker link (0.01) than the 3-year average (0.28). The 5-year figure is 0.24, and annualized covariance runs at 155.3 %².
Among the 4755 assets we track against QQQ, THFF ranks #1779 by 3-year correlation. On 12-month performance THFF holds a 12.5-point edge, +26.3% against +38.8%.
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 THFF: side by side
| QQQ (Invesco QQQ Trust) | THFF (First Financial Corporation) | |
|---|---|---|
| 1-year return | +26.3% | +38.8% |
| 5-year return | +95.4% | +135.2% |
| Volatility (ann.) | 19.6% | 28.2% |
| Beta vs S&P 500 | 1.28 | 0.81 |
| Max drawdown (3Y) | -22.8% | -20.2% |
| Market cap | – | $0.9B |
| P/E (trailing) | – | 11.1 |
| Dividend yield | 0.44% | 2.77% |
| 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 | THFF |
|---|---|---|
| 2022 | -32.6% | +4.4% |
| 2023 | +54.9% | -2.6% |
| 2024 | +25.6% | +11.1% |
| 2025 | +20.8% | +36.2% |
| 2026 | +17.7% | +35.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and THFF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between QQQ and THFF?
As of 2026-08-27, the correlation of weekly returns between QQQ and THFF is 0.28 over 3 years, 0.01 over 1 year and 0.24 over 5 years.
Is THFF a good diversifier for QQQ?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: QQQ correlations · THFF correlations
