QQQ vs TR: Correlation
How closely do Invesco QQQ Trust (QQQ) and Tootsie Roll Industries, Inc. (TR) trade together? Their weekly returns over three years give a correlation of -0.04, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TR?
On 3 years of weekly data the QQQ/TR correlation comes out at -0.04, near zero, meaning they move largely independently. Lately the two have drifted apart, with the 1-year correlation at -0.26 versus -0.04 over 3 years. The 5-year figure is 0.13, and annualized covariance runs at -18.4 %².
By 3-year correlation, TR places #4612 of the 4755 assets tracked against QQQ. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 22.2 percentage points (+26.3% for QQQ against +4.1% for TR).
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 TR: side by side
| QQQ (Invesco QQQ Trust) | TR (Tootsie Roll Industries, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | +4.1% |
| 5-year return | +95.4% | +57.7% |
| Volatility (ann.) | 19.6% | 25.1% |
| Beta vs S&P 500 | 1.28 | 0.05 |
| Max drawdown (3Y) | -22.8% | -20.0% |
| Market cap | – | $3.1B |
| P/E (trailing) | – | 32.2 |
| Dividend yield | 0.44% | 0.84% |
| 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 | TR |
|---|---|---|
| 2022 | -32.6% | +22.3% |
| 2023 | +54.9% | -18.8% |
| 2024 | +25.6% | +1.4% |
| 2025 | +20.8% | +17.9% |
| 2026 | +17.7% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TR good diversifiers for each other?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between QQQ and TR?
As of 2026-08-27, the correlation of weekly returns between QQQ and TR is -0.04 over 3 years, -0.26 over 1 year and 0.13 over 5 years.
Is TR a good diversifier for QQQ?
Yes: at -0.04, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.04 mean?
On the −1 to +1 scale, -0.04 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.
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Related comparisons
Hubs: QQQ correlations · TR correlations
