QQQ vs TPET: Correlation
Measured on weekly returns over the past three years, Invesco QQQ Trust (QQQ) and Trio Petroleum Corp. (TPET) carry a correlation of -0.09, a near-zero link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TPET?
On 3 years of weekly data the QQQ/TPET correlation comes out at -0.09, near zero, meaning they move largely independently. Little has changed lately, as the 1-year reading of -0.08 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -455.3 %².
Within QQQ's tracked universe of 4755 assets, TPET comes in at #4713 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 107.2 points (+26.3% versus -80.9%). Risk is not evenly split, since TPET carries 13.5 times the volatility of the other side.
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 TPET: side by side
| QQQ (Invesco QQQ Trust) | TPET (Trio Petroleum Corp.) | |
|---|---|---|
| 1-year return | +26.3% | -80.9% |
| 5-year return | +95.4% | n/a |
| Volatility (ann.) | 19.6% | 264.2% |
| Beta vs S&P 500 | 1.28 | -2.89 |
| Max drawdown (3Y) | -22.8% | -98.5% |
| 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 | TPET |
|---|---|---|
| 2022 | -32.6% | – |
| 2023 | +54.9% | – |
| 2024 | +25.6% | -80.5% |
| 2025 | +20.8% | -34.4% |
| 2026 | +17.7% | -72.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TPET good diversifiers for each other?
By historical standards, yes. A correlation of -0.09 means the two rarely move for the same reasons.
FAQ
What is the correlation between QQQ and TPET?
As of 2026-08-27, the correlation of weekly returns between QQQ and TPET is -0.09 over 3 years, -0.08 over 1 year and n/a over 5 years.
Is TPET a good diversifier for QQQ?
By historical standards, yes. A correlation of -0.09 means the two rarely move for the same reasons.
What does a correlation of -0.09 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.
Use this data
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Related comparisons
Hubs: QQQ correlations · TPET correlations
