QQQ vs TRAW: Correlation
How closely do Invesco QQQ Trust (QQQ) and Traws Pharma, Inc. (TRAW) trade together? Their weekly returns over three years give a correlation of 0.09, which is near-zero.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRAW?
On 3 years of weekly data the QQQ/TRAW correlation comes out at 0.09, near zero, meaning they move largely independently. Recent behaviour matches the longer record: 0.10 over 1 year against 0.09 over 3. The 5-year figure is 0.17, and annualized covariance runs at 255.5 %².
By 3-year correlation, TRAW places #3932 of the 4755 assets tracked against QQQ. Correlation aside, the last 12 months split them widely, with QQQ ahead by 85.1 points (+26.3% versus -58.8%). Risk is not evenly split, since TRAW carries 7.1 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 TRAW: side by side
| QQQ (Invesco QQQ Trust) | TRAW (Traws Pharma, Inc.) | |
|---|---|---|
| 1-year return | +26.3% | -58.8% |
| 5-year return | +95.4% | -99.5% |
| Volatility (ann.) | 19.6% | 138.3% |
| Beta vs S&P 500 | 1.28 | 0.67 |
| Max drawdown (3Y) | -22.8% | -98.3% |
| 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 | TRAW |
|---|---|---|
| 2022 | -32.6% | -74.5% |
| 2023 | +54.9% | +15.4% |
| 2024 | +25.6% | -52.6% |
| 2025 | +20.8% | -87.3% |
| 2026 | +17.7% | -48.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRAW good diversifiers for each other?
Yes. With a correlation of 0.09, QQQ and TRAW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TRAW?
As of 2026-08-27, the correlation of weekly returns between QQQ and TRAW is 0.09 over 3 years, 0.10 over 1 year and 0.17 over 5 years.
Is TRAW a good diversifier for QQQ?
Yes. With a correlation of 0.09, QQQ and TRAW have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.09 mean?
On the −1 to +1 scale, 0.09 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-traw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-traw/)
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Related comparisons
Hubs: QQQ correlations · TRAW correlations
