QQQ vs TRC: Correlation
Invesco QQQ Trust (QQQ) and Tejon Ranch Co (TRC) show a weak relationship: their 3-year correlation of weekly returns is 0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TRC?
Across a 3-year window, the weekly returns of QQQ and TRC correlate at 0.19, weak. The link has loosened recently: the 1-year correlation (-0.00) runs below the 3-year figure (0.19). Stretching to 5 years gives 0.35, with an annualized covariance of 87.4 %².
Within QQQ's tracked universe of 4755 assets, TRC comes in at #2984 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months QQQ outperformed by 33.4 percentage points (+26.3% for QQQ against -7.1% for TRC).
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 TRC: side by side
| QQQ (Invesco QQQ Trust) | TRC (Tejon Ranch Co) | |
|---|---|---|
| 1-year return | +26.3% | -7.1% |
| 5-year return | +95.4% | -15.6% |
| Volatility (ann.) | 19.6% | 23.7% |
| Beta vs S&P 500 | 1.28 | 0.44 |
| Max drawdown (3Y) | -22.8% | -24.3% |
| Market cap | – | $0.4B |
| P/E (trailing) | – | 73.4 |
| 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 | TRC |
|---|---|---|
| 2022 | -32.6% | -1.3% |
| 2023 | +54.9% | -8.7% |
| 2024 | +25.6% | -7.6% |
| 2025 | +20.8% | -0.8% |
| 2026 | +17.7% | +2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TRC good diversifiers for each other?
Yes. With a correlation of 0.19, QQQ and TRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between QQQ and TRC?
The QQQ/TRC correlation stands at 0.19 on a 3-year window (1 year: -0.00, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is TRC a good diversifier for QQQ?
Yes. With a correlation of 0.19, QQQ and TRC have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.19 mean?
On the −1 to +1 scale, 0.19 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-trc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/qqq-vs-trc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: QQQ correlations · TRC correlations
