QQQ vs THRM: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Gentherm Inc (THRM) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and THRM?
On 3 years of weekly data the QQQ/THRM correlation comes out at 0.33, moderate. Recent behaviour matches the longer record: 0.26 over 1 year against 0.33 over 3. The 5-year figure is 0.36, and annualized covariance runs at 237.6 %².
By 3-year correlation, THRM places #1234 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 17.7 points (+26.3% versus +8.6%). One caveat on sizing: THRM is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 THRM: side by side
| QQQ (Invesco QQQ Trust) | THRM (Gentherm Inc) | |
|---|---|---|
| 1-year return | +26.3% | +8.6% |
| 5-year return | +95.4% | -54.0% |
| Volatility (ann.) | 19.6% | 36.4% |
| Beta vs S&P 500 | 1.28 | 1.04 |
| Max drawdown (3Y) | -22.8% | -61.8% |
| Market cap | – | $1.2B |
| P/E (trailing) | – | 47.0 |
| 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 | THRM |
|---|---|---|
| 2022 | -32.6% | -24.9% |
| 2023 | +54.9% | -19.8% |
| 2024 | +25.6% | -23.8% |
| 2025 | +20.8% | -8.9% |
| 2026 | +17.7% | +11.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and THRM good diversifiers for each other?
Reasonably. At 0.33, QQQ and THRM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and THRM?
The QQQ/THRM correlation stands at 0.33 on a 3-year window (1 year: 0.26, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is THRM a good diversifier for QQQ?
Reasonably. At 0.33, QQQ and THRM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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-thrm.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/qqq-vs-thrm/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: QQQ correlations · THRM correlations
