QQQ vs TORO: Correlation
How closely do Invesco QQQ Trust (QQQ) and Toro Corp. (TORO) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TORO?
Over the past 3 years, QQQ and TORO moved with a correlation of 0.17, which is weak. Little has changed lately, as the 1-year reading of 0.14 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 260.7 %².
Within QQQ's tracked universe of 4755 assets, TORO comes in at #3205 by 3-year correlation. The last year tells two different stories: TORO led by 250.0 percentage points, +26.3% for QQQ against +276.3% for TORO. Note the risk asymmetry: TORO runs 4.0 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 TORO: side by side
| QQQ (Invesco QQQ Trust) | TORO (Toro Corp.) | |
|---|---|---|
| 1-year return | +26.3% | +276.3% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 78.4% |
| Beta vs S&P 500 | 1.28 | 0.97 |
| Max drawdown (3Y) | -22.8% | -71.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 311.5 |
| Dividend yield | 0.44% | 0.00% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
On the fund side, QQQ sits in the Large Growth category at Invesco, with $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TORO |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | -42.9% |
| 2025 | +20.8% | +87.9% |
| 2026 | +17.7% | +96.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TORO good diversifiers for each other?
Yes. With a correlation of 0.17, QQQ and TORO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TORO?
The QQQ/TORO correlation stands at 0.17 on a 3-year window (1 year: 0.14, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TORO a good diversifier for QQQ?
Yes. With a correlation of 0.17, QQQ and TORO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.17 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: QQQ correlations · TORO correlations
