QQQ vs THM: Correlation
Invesco QQQ Trust (QQQ) and International Tower Hill Mines, Ltd. (THM) show a weak relationship: their 3-year correlation of weekly returns is 0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and THM?
Over the past 3 years, QQQ and THM moved with a correlation of 0.18, which is weak. The past 12 months show a tighter link (0.45) than the 3-year average (0.18). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 321.2 %².
Within QQQ's tracked universe of 4755 assets, THM comes in at #3100 by 3-year correlation. Correlation aside, the last 12 months split them widely, with THM ahead by 74.4 points (+26.3% versus +100.7%). Note the risk asymmetry: THM runs 4.6 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 THM: side by side
| QQQ (Invesco QQQ Trust) | THM (International Tower Hill Mines, Ltd.) | |
|---|---|---|
| 1-year return | +26.3% | +100.7% |
| 5-year return | +95.4% | +222.1% |
| Volatility (ann.) | 19.6% | 89.9% |
| Beta vs S&P 500 | 1.28 | 1.27 |
| Max drawdown (3Y) | -22.8% | -51.5% |
| 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, 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 | THM |
|---|---|---|
| 2022 | -32.6% | -41.1% |
| 2023 | +54.9% | +37.2% |
| 2024 | +25.6% | -22.0% |
| 2025 | +20.8% | +304.3% |
| 2026 | +17.7% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and THM good diversifiers for each other?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and THM?
As of 2026-08-27, the correlation of weekly returns between QQQ and THM is 0.18 over 3 years, 0.45 over 1 year and 0.16 over 5 years.
Is THM a good diversifier for QQQ?
Yes: at 0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.18 mean?
On the −1 to +1 scale, 0.18 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-thm.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-thm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · THM correlations
